The challenges that confront boards come from multiple directions, and require the consideration of a plurality of stakeholders. While regulatory demands must be complied with, a truly effective board provides the reflective capacity needed to find problems and in so doing support the executive to problem solve. The essential feature of good governance is this collective cognitive capacity based on independence of view and diversity of perspective.
Governance and Performance
This study examines under what circumstances good governance leads to better performanceRead about the study here