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Boards face immense challenges, even during the best of times. Their governance is always challenging. From the accountability perspective it means building the foundation of a robust and solid monitoring framework, focusing both on the internal and the external environment of the company, therefore providing adequate supervision and risk management. Boards must also drive the company forward. That is a different endeavor: it means preparing the company for the future, offering a clear strategic direction and encouraging continuous innovation to overcome even unknown competitive challenges.
Be it by following an “eyes on, hands off” approach toward the management team or...
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