There are arguments in favor of term limits for Directors. By establishing Director tenure limits, organizations make room for rejuvenation and the onboarding of Directors with new skillset and relevant experience. Boards also set tenure limits to allow for membership to be refreshed periodically. As businesses evolve, the skillsets required for Board effectiveness change. Tenure […]

There are some common misconceptions about the role of the Board of Directors. Some people think the Board is a mysterious group of people who waltz into head office and shut themselves in the Boardroom every quarter with stern faces, attending long and boring meetings where they criticize and lambast Management. Another group believes the […]

The role of the Board is a crucial one and as such legislation and a plethora of cases recognize the Board as the alter ego of the Company. Although shareholders are owners, the complex nature of company membership does not allow it to exercise and carry out the far-reaching duties that are consequential to running […]