Director Roles & Responsibilities

Despite the changing business and personnel landscape, there are still many leaders out there who are failing to grasp the full enormity and meaning of the changes that have resulted in globalization and new paradigms of working in a complex environment.

As companies become more transparent, we like to believe that employee behavior will follow suit. However, recent corporate incidents suggest that certain companies still have a long way to go.

Keith Dunleavy has grown Inovalon, a company that produces a cloud-based data analytics platform for the healthcare industry, significantly in 20 years as CEO. But he wouldn’t have done it without what he calls, “a phenomenal board of directors.”

Board dysfunction may be an easily fixed matter such as a lack of information flowing, but in reality it probably includes something bigger at stake. Here are five common reasons your board has lost the ability to act as a cohesive unit.

A pair of experts talk about the importance of board involvement in leadership and executive development to combat the ripple left in the wake of a departing leader.

Motivated by investor pressure and a disruptive business landscape, directors today are much more sensitive about who is contributing to the board and which skill sets are needed to meet its fiduciary duties.