Enhancing Board Effectiveness

20Board Composition and Diversity in Developing and Emerging Markets

Enase Okonedo

Introduction

The board of directors of every organization is instituted to ensure that managers and executives act in the best interest of the organization and that their objectives are aligned to enhance the overall effectiveness of the organization. In addition to its responsibility of ensuring the proper functioning of the organization and providing strategic and other direction for the company, the board of directors in every organization is meant to be the custodian of corporate governance. Effective corporate governance depends on factors such as the codes of corporate governance in existence in respective countries; the processes and mechanisms within ...