Communication is the key, and it's worth the effort

Written by Barry J. Reiter and Gary S.A. Solway

While it may be true that the most important things a board does is hire and fire the CEO, the directors make other valuable contributions to their companies. One of these is to ensure that the company develops and maintains a network of advisors to help it manage the myriad of issues (frequently novel, and often beyond the experience of management) that the company will face in a world of increasing complexity. Published in the September 2013 edition (Issue 169) of the Director Journal, a publication of the Institute of Corporate Directors (ICD).