The Anatomy of a Board of Director Culture
"The Anatomy of a Board of Director Culture," an article written by NACD Programs Director, Patrick R. Dailey, Ph.D.
Talented directors sit shoulder to shoulder around a board table, razor-focused on their company’s strategic imperatives guided by a superb Chairman at the helm, but unless the right board culture is in place, nothing very special is likely to happen. Today, culture is a more critical determinant of board effectiveness than during the bygone era of ceremonial board service. Why? Because contemporary boards function as deliberative, working teams rather than simply preside. The cultural ground rules which dictate director attention, behavior, risk appetite, and decision-making processes are simply more critical to a board’s effectiveness because boards are more at work than before.