Too often, boards become little more than cheering sections for whatever management wants to do. So boards tend to be loaded with way too many insiders, paid consultants, family members and cronies with interlocking directorships. The other big mistake is a lack of diversity. If you have eight or 10 people just like you sitting around the board table, you may as well be talking to yourself. You really can't be responsive to your constituencies and more important, you won't have the strategic discussion that fast-forwards your business to success.
Most boards meet on a very regular basis.
The director is responsible not only at the time of the meetings but 365 days a year. Smaller companies' boards will typically meet quarterly. However, the founder and CEO should be in touch regularly in the interim to keep the director kept informed between board meetings. Find the business of your dreams at Entrepreneur's Opportunity Finder . Categories Main Menu Business Svcs.