Governance Frameworks Can Be Just Window Dressing – Until They Aren't

Corporate directors are typically charged by law, convention and societal expectations to bring effective supervision and management to the affairs of the enterprise. The ultimate goal is for management to be able to focus on running the business and getting things done, with all required Board decisions, guidance and directives in hand. 

Productive director time is invariably at a premium for the myriad of required standing and special board and committee agenda items: strategy, financial performance, operational and capital management, talent management and compensation, regulatory compliance, risk management, etc. Board and committee meetings are also perfect times for management to showcase the enterprise's strengths, weaknesses, opportunities and threats. An industry has developed around the effective use directors' time.