What is board management?

Board management is a process overseen by board directors. The board of directors is the governing body of a company and is elected by shareholders in public companies to establish strategy and supervise management.

What is the difference between board of directors vs board of management?

Directors play a crucial role in establishing the values and ethical stance of the company. Managers are responsible for implementing this ethos, guided by the direction set by the board.

Why is managing a board of directors challenging?

Managing board of directors is challenging due to communication, risk management, fiduciary responsibilities, and shareholder activism. To successfully overcome these issues, board members must be equipped with the necessary knowledge and skills.

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