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Building the Right Organization Board and Why it Matters

istock.com/gorodenkoff

25 September 2022

An effective, well-run board is one of the most potent forces driving an organization to success. No doubt, getting it right does not come easy but no matter how challenging the task may be, building the right board can genuinely shape a company’s growth and take it to the next level.

In a highly dynamic and diverse business climate like today’s, companies and their leaders are facing growing challenges, new governance, and compliance requirements every day. An effective and thoughtfully-assembled board can prove to be of great advantage in ensuring sound governance, challenging as well as guiding the CEO in critical decision-making, and driving everyone’s attention to the long-term well-being of the organization. While a good organization board has always had to fulfil the above responsibilities, with everything around them evolving, boards must too.

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