Dambisa Mayo is a well-known economist, and she serves as a Director in the Boards of several multi-national companies. In an interview she was asked about the Boards responsibility, and she made the following comment: With respect to new board members, I think the salient point here is for them to understand the mandate of the board and the levers that boards have in order to effect change. The mandate of the board has three key aspects. One is to oversee the strategy of the company, and we do this by having a full-on strategy day.

Write a short essay on what you see as the mandate of the Board. You should highlight and discuss at least five aspects. Please note that if you copy and paste from the textbook, you will be penalized.