GRC Journal - (Page 10) Attributes of Effective Boards BY LEE DITTMAR, Principal, Deloitte Consulting LLP and THOMAS DOORLEY, Founder and CEO of Sage Partners LLC ACTIVE AND DECISION-READY Until recently, decisions made in the corporate boardroom usually stayed in the boardroom. Many boards did what they wanted with little fear that their performance or behavior would be questioned by regulators, investors, or the public. Boards were not generally known for their independence, and the business of running the organization was left to management. But a wave of high-profile corporate scandals and the introduction of stringent new regulations have pushed many boards to implement real change for the first time in a generation. Investors are holding boards accountable for their actions. While membership on the board was once considered little more than a prestigious appointment, today it requires a willingness to delve into every aspect of the organization – and the bar continues to rise. Directors’ individual and collective performances are under intense scrutiny as they carry out their charge to improve their effectiveness and that of their companies, to satisfy regulators and to restore investor trust. 44 BTQ Business Trends Quarterly Q1 2007 | www.btquarterly.com http://www.btquarterly.com
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