Director FAQ: The Role of the Board vs. the Role of Management
In Brief: This FAQ sheds light on the “dividing line” between board and management roles, offering research, key questions, action steps, and resources to help directors
- understand the legal foundations of their role as fiduciaries,
- fulfill their duties of care and loyalty,
- avoid extremes of micromanagement and negligence, and
- overcome challenges in board/management relations.
It can also be useful to CEOs and other members of senior management wishing to work effectively with their boards.
Most relevant audiences: Chairs, directors, CEOs, senior managers, general counsel