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‘Overboarding’: the perils of sitting on too many boards
Mar 7, 2023
Listen to management editor Anjli Raval and corporate governance expert Patricia Lenkov discuss the risks of 'overboarding', where directors take on too many board seats. They delve into the impact on director effectiveness, conflicts of interest, time management challenges, and the evolving expectations faced by board members. Gain insight into the constraints imposed by institutional investors and the qualities essential for excelling as a board director.
15:21
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Quick takeaways
- Overboarding refers to directors taking on too many board positions, risking their effectiveness.
- Effective board members require specific expertise and general skills to provide guidance and strategic advice.
Deep dives
Importance of Commitment in Board Members
Board members are expected to dedicate serious time and effort to various board responsibilities, including attending multiple meetings annually, reviewing extensive paperwork, and engaging with organizational staff. This level of commitment, often amounting to one or two days per week, reflects the significant duties associated with holding a board seat at a public company.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode