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Seven Deadly Sins of Boards

Boards get involved in levels of detail that are not their responsibility, but rather, the responsibility of management.

This is why boards should develop a formal charter of expectations that makes it clear what risks they are taking responsibility for, and then delegate responsibility for all other risks to management and stay clear. The board, of course, is still accountable for all risks. They cannot delegate accountability.

via Seven Deadly Sins of Boards. – Thursday, 28th November 2013 at 4Hoteliers.

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