What are some ways a board of directors can increase its pow

?What are some ways a board of directors can increase its power? Circumstances they can decrease their power?

Solution

A board of director can basically follow the continuum to become more effective and increase its power :

Foundational ------Developed ------- Advanced ---------- Strategic

Foundational board focuses on basic compliance and always play safe. They do not believe in taking risks. Whereas Strategic board takes appropriate risks, makes tough decisions in orderto give significant contributions and lasting impact on the organizational value.

In order to increase its power, a board of director can gradually progress on the continuum from foundational to strategic leader.

In order to increase its power and become more effective, a board of director can implement the below mentioned point :