- February 17, 2017
- Eric Douglas
One of the greatest benefits of developing a framework of core values is that decision making can be decentralized.
Boards of directors clearly have ultimate decision-making authority for everything under their guidance. But in actual practice, many boards don’t exercise that authority. Staff often drafts a recommendation and brings it to the board to ratify. This may be efficient, but it casts the board in the role of “rubber stamping.” Over time, this erodes …