A role of effective governance is to set the course by approving the strategic direction and then to empower the CEO to implement the strategy. Great things could be accomplished if Boards knew their role and concentrated on doing the right things well. This article highlights the four key functions of effective Boards. Doing them well adds value to the organization.

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About the Author

Grant B. Walsh, MBA, C.Dir., Managing Partner and CEO, EC Murphy Walsh.

gwalsh@ecmurphywalsh.com