CHAPTER 5
Redesigning the Board’s Committees
In meeting its responsibilities, the board has a singular constraint: time. A typical board might meet for only fifty hours a year—nowhere near enough time to develop the depth of knowledge necessary to oversee talent, strategy, and risk. As part of its new playbook, the board should elevate the work of its committees so that the directors can dig deep and manage their agenda.
This way of working is closer to how privately held companies function as they help the CEO create long-term value. Indeed, redesigning the committees for the new TSR will transform the way in which the board and the CEO collaborate. ...
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