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The role of the board in a strategic management sense is to do 3 things: monitor, evaluate, and initiate. The board of directors does not
The role of the board in a strategic management sense is to do 3 things: monitor, evaluate, and initiate. The board of directors does not necessarily have to be approving every decision, but should make sure that from an operational standpoint that management is successful at its job duties. An active board member is always going to be better than a nonactive member.
Why Board members should have an above average understanding of the company ?
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