“..too often the board appears to be enjoying itself too much, developing a deep and cozy relationship with the CEO, and enjoying the perks while not being very inquisitive.”
Is that your board?
This article from Forbes magazine raises the question of whether some boards are asleep at the wheel. Some may have that ‘cozy’ relationship with the CEO trusting implicitly in whatever they’re told and others may be labouring under the old style governance model that relegated the real role of the board to pretty much the last item on the agenda.
Have a read through and pick up the six points the article makes about ensuring that the board is fully appraised of any issue before it hits the front page of the news.