Why Good Boards Fail
September 30, 2016
Let’s face it: The business landscape and economy have changed dramatically in the last 12 months and many believe it will never return to its heydays. Strong international competition, dropping legal and cultural entry barriers, rising geopolitical instability, the growth in unemployment, and the collapse of historical monopolistic practices – all of these elements indicate that any Board that chooses to ignore these changes or elects a “proactive wait and see strategy” is simply being unrealistic. Gone also are the days when being on a Board of Directors was seen primarily as a prestige position and supervisory role. Being a Board Member is now about active leadership, personal accountability and senior executive coaching rather than passive supervision. Board Members need to move from being reactive to dynamic by approaching their board work with increased vigour and dedication in order to make a positive difference to the organisations on whose boards they serve.