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Strategy should start in the boardroom

Strategy should start in the boardroom

by Rick Turoczy on August 21, 2006

We find that chief executives and chairmen from other companies often make the most capable directors, particularly in their ability to provide strategic insights. Yet senior executives are increasingly unwilling or unable to take board seats. Corporate governance reforms such as the 2002 Sarbanes-Oxley Act have substantially increased the time that boards spend on inward-facing issues such as compliance. This, combined with a perceived increase in personal liability, has made directorship a less appealing prospect.

Strategy should start in the boardroom

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