What’s wrong: The chief executive fails to use the time, talent, and treasure of the board for constructive purposes.
Why this is a problem: As the authors of Governance as Leadership have observed, board members provide necessary capital to organizations: intellectual, reputational, political, and social capital. An organization that is not using its board productively is missing out on opportunities. The board of directors and the chief executive are members of a team, with a shared responsibility to achieve the mission of the organization. When the team is not working together effectively, the organization’s results and reputation can suffer.
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