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Finding and Caring for Trusted Advisors
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).