The job of a board is to provide direction and oversight of the executive management team, and to ensure that the company’s policies are followed and that all fiduciary responsibilities are met. While some boards give too much power to their executive management but the majority of boards do not go far enough. The media is filled with tales of business disasters that are the result of poor or incompetent management teams.

To avoid such disasters To avoid such catastrophes, it is important to Data Security ensure that your board has a wide range of perspectives and skills. It must also function effectively as a group. This means establishing guidelines for managing your board such as accepting different perspectives and assuming the leadership roles, as well as fostering an agile structure (e.g. the formation of committees for new risks) and involving in continuous evaluation of the board and its individual members.

Another important principle of management for boards is to avoid getting too involved in operational issues, especially when it comes to the day-today operations of your company. The primary role of a board is to establish the long-term vision of your company and its position within society.

While this may sound like a straightforward idea, many companies are struggling with this idea. For instance, some board members start having meetings directly with management without the CEO’s knowledge or decide to make a decision in an effort to be helpful. This could put the chief executive in a precarious position. The CEO should collaborate with the chairman of the board and other directors to solve the issue and restore trust.