Showing posts with label Board of Directors. Show all posts
Showing posts with label Board of Directors. Show all posts

Thursday, January 24, 2013

Climb down from the towers BoDs..

We are all Board Members on LI by Lucy P Marcus

http://www.linkedin.com/today/post/article/20121120235138-60894986-we-are-all-board-members?trk=mp-reader-card

As an employee who always worked with a sense of ownership, accountability, I always felt its strange that the board's engagement with key employees (second line, executing level) within the organization is non-existent & more often than not, its strategic guidance is based on a colorful slide-deck or an birds-eye-view executive summary that rarely reflects the subtler aspects of business realities and it's short & long-term sustenance. While I see a common thread here that the board has a responsibility towards company's vision & and should represent the stakeholders interest rather than it’s own, I am wondering why so many critical decisions are still taken by boards without ever engaging directly with the stakeholders that actually go about translating the vision into action? & I’m presuming that employees at key positions too are considered a part of the stakeholder pool & not just the investing PE universe.