What are common challenges boards face in exercising oversight, and what best practices can be implemented to address these challenges while maintaining a strategic focus?
How can a board ensure it has the necessary expertise and independence to provide effective oversight, particularly in areas like financial performance, regulatory compliance, and risk management?
What are the key responsibilities of a board in ensuring effective oversight of an organization's management and operations?
3. **In what ways can boards ensure they maintain strong oversight of corporate governance practices, and how can they address potential conflicts of interest among board members?
2. **How can a board of directors assess and enhance its effectiveness in overseeing the company's financial performance and strategic direction?
**What role does the board of directors play in overseeing risk management, and how can they ensure that a company is effectively identifying and mitigating potential risks?