Episode description

Moment #62 // The board of directors is increasingly seen as the accountable body for ensuring ethical, responsible behavior from companies. But we still seem to be witnessing some pretty spectacular failures in corporate governance.

To me, this isn’t at all surprising. The board has very little influence over what the management team does on a day-to-day basis. 

Boards have limited control over what really goes on. I’m sure that many professional directors will disagree with me on this… but that would most likely be a reflection of their ego, rather than reality.

You can take a deeper dive into these insights by listening to Ep.248: The CEO and the Board.

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