Quote:
Originally Posted by Enoch Root
The board defines policy - sr managers, through the CEO would provide input, and report on status/issues/ideas, etc, but it is the board's responsibility to lay out policy.
That doesn't mean the board members are sitting at computers, pounding out the wording, it means their names and signatures are going on the bottom, and the decisions as to what the policies are, are theirs.
|
Right, but the initiative doesn't necessarily have to come from the board (though it can). We're talking about responding to an operational issue here, not setting a long-term strategic vision. The notion is that Bobby Nick couldn't wipe his ass unless the board told him to, which is preposterous.
Which isn't to say that board members over the years are clean here, but this is way more on the executives who are there every day. More often than not the 'plan' (policy) originates from the C & D suites with informal consultation of the board along the way before the board formalizes it.