An actively engaged board is able to identify and act upon weak signals that could indicate a need for change. Its composition and operations reflect the evolving needs of the business.
An effective board of directors may not guarantee that a company will succeed. But an ineffective board can go a long way to ensuring failure, because the consequences of its attitude and operating model will trickle down into the business.
Read the BCG Perspectives article.
Read further articles for board members here.