This article from the London Business School is prefaced with some comments about the importance of the board. I think we all understand how important a board is, but often we overlook how it is composed and whether it submits itself to an independent external review to see if it really is fit for purpose. Some boards are constrained in their candidacy for board membership by an out-of-date Constitution that only allows them to pick from a defined pool, others rely on shoulder tapping, others take whatever the AGM throws up.
In today’s environment, when disruption is a constant, we can’t afford to not have the very best board members. We need members who have the skills to develop the future direction of the business with knowledge of the opportunities and threats and who are not so defensive as to shy away from being externally assessed periodically.