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Sharpening the Focus for Boards of Directors
- February 12, 2014
- Eric Douglas
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 …
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