The Board is very important element in the Company.Boards of Directors and Trustees matter greatly. That simple truism is understood far better today than ever before.The primordial question is –Why do we have boards at all? That the corporate form of organization is highly advantageous, and it requires Boards. The exercise of collective responsibility through the mechanism of a board can slow down decision making, but it can also dampen the enthusiasm of the aspiring autocrat. A properly functioning board provides checks and balances by adding layers of judgement and protections against abuse of power, self-dealing, favoritism, and just plain foolishness. More positively, the existence of a board encourages the development of a shared sense of a institutional purpose and an awareness of the broader social, economic and political context within which decisions are made.
At the most general level, all boards can be said to share a single overarching responsibility: to build an effective organization. Everything else is derivative.Kenneth Dayton said governance is governance.