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Building A Business Board

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Running Time: 9:13

Date: 01/06/2013

Whether your business is big or small, a board can be a valuable tool in setting direction, monitoring performance and providing wisdom and the benefits of experience

Every business - big or small - can benefit from having a board, whether formally constituted or advisory, to help management look beyond day-to-day operations and ensure that important considerations like direction-setting, viability, compliance and succession-planning are being taken into account. That's the view of Stephen Lake, federal president of the Institute of Management Consultants, who says a board doesn't have to be cumbersome or expensive and should be tailored - in size and scope - to the size of the business.

  

Topics: Leadership, Legal, Management


Stephen Lake, Institute Of Management Consultants