As companies grow and evolve, the organization must ensure that the skill sets of its management team also keep pace throughout various growth stages and environmental shifts. The same is true for the board. How does an early-stage board member continue to grow and contribute as the company doubles or triples its valuation? While there is no single “best practice,” boards that are constantly evaluating themselves tend to be on the right path.
In this episode of Inside America’s Boardrooms, Bruce Bohuny, board member with Lakeland Bancorp and member of Next Gen Board Leaders, draws insights from his 10 years of board service for a company that has quadrupled in value.