Boards provide important checks and balances that can foster sound governance within an organization
Boards should be formed with the organization’s needs in mind in advance of significant transactions
Board members can be thought of as affordable consultants and may provide first class advice and unbiased perspectives to management in helping meet strategic objectives
Board assessments highlighting skills/experience gaps should inform board member selection and bring differing and fresh perspectives
High caliber board members can provide credibility and competitive advantages with stakeholders
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