Chapter 5: The Board as Steward

The company is a living system. Employees are its life-blood. Management is the heart which keeps the blood pumping. Strategy is the brain. Measurement and communication are the central nervous system. Culture is the DNA. Leadership and continued entrepreneurial energy are its soul and spirit. Governance and accountability are its rhythms and disciplines. Like exercise, they are a means of keeping this living organism fit and lean. Unless we understand governance in this wide context, we will continually fail to manage risk, sustain performance and earn trust…