Effective panels of owners provide oversight, leadership and guidance to management. There is a broad demographic, using a mix of knowledgeable and new members. In addition , that they regularly evaluate the performance of specific members.
As a way to realise the best results, the aboard should be staffed with owners with the appropriate skill set and value program. The best panels take a long term view. This provides directors with all the freedom to talk about issues in a robust and constructive fashion.
Effective planks of owners...