As part of its podcast series, Dorset Growth Hub invited me to discuss the role that boards – and corporate governance more generally – can play in smaller businesses. Theorists often talk about how boards play two contradictory roles: “service” – providing insights and access to key resources – and “control” – stopping a runaway executive.
But from my own board experience, I’ve seen how hard it is to separate the two. Let’s think about how serving on a board is like driving a car, I suggested, and then asked: “Why do they put brakes on cars?” Here’s the answer!
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