Board Versus Management Policies

The board’s policy when it comes to policy-making

It is widely accepted as one of a board’s primary responsibilities – and it is also a rather straightforward task…which makes it all the more surprising that boards, generally speaking, seem to be so universally mediocre at it.

‘It’, of course, is the board’s vital role in policy-making and, more to the point, giving life to the policies, making them top-of-mind and integral to the company’s culture and behaviour.

I’d like to highlight just two of the more common pitfalls in this regard and offer a few simple, tried-and-tested measures that are sure to remedy them.
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