CHAPTER 6

Diversifying Information

Information is the lifeblood of the board of directors. Reducing the asymmetry of information between the board and management is essential to the board’s mission of overseeing talent, strategy, and risk.

To oversee talent, the board must attain a deep understanding of the people who are setting the agenda for the company today and who’ll be creating it for the future. Doing so means knowing the skills of the current team members, their bench strength as a source for the next generation of leaders, and the marketplace for talent outside the corporation.

To oversee strategy, the directors must know enough about ...

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