Why is board work worthwhile in a small company?
As a company grows, its interface with markets, customer, partners and society at large also grows. The resources of the company’s owner and management are not then sufficient on their own to manage the company and the organisation while still responding to the changes happening around it. One way to rectify the situation and support management and owner is to form a skilled board of directors. The need for a board also increases during a transition phase – for instance, during a change of generation or when recruiting a CEO from outside the company.Continue reading “Why is board work worthwhile in a small company?”