Lucy Marcus' article on board governance and purpose brought to light some important issues, such as the fact that the evolving boardroom requires every board member be a great leader, from the moment we are appointed to the day we step down.
Ultimately "organizations suffer greatly when independent board members don’t ask hard questions, and refuse to hold executives accountable for not just the profit margins but also the ethics of the company. A complacent board jeopardizes a company’s future. As board members, we should be assessed on how well we fulfill what I call our “grounding and stargazing” responsibilities: making sure the company manages its risks prudently and operates at all times in a responsible, legal, and ethical manner, while at the same time making sure it is ready and able to respond shrewdly to future challenges."
For the full article, continue here.