In most circumstances, the board PLAYS an oversight role. However, depending on the issue or the company’s SITUATION, the role of the board can swing from overseer to active participant. Typically, we see boards more actively involved in strategy and CEO succession than, say, OPERATIONS and planning. Still, finding the right BALANCE can be difficult. While there’s no right answer, it’s IMPORTANT that board members and executive management agree on how involved the board will be in key areas. 

In most circumstances, the board plays an oversight role. However, depending on the issue or the company’s situation, the role of the board can swing from overseer to active participant. Typically, we see boards more actively involved in strategy and CEO succession than, say, operations and planning. Still, finding the right balance can be difficult. While there’s no right answer, it’s important that board members and executive management agree on how involved the board will be in key areas.