In times of crisis many boards will be forced to revisit the line between board and management. When survival is on the line, the board needs to have its hand on the wheel, and be much more closely involved in the operations of the business. This is not problematic, and is to be expected in an effective governance structure
Board reviews
In almost all cases, the answer to this question is yes. The board impacts the business through the management team. The board does not govern the organisation in isolation. The management team bring important perspective about the impact of the board throughout the organisation. This in and of itself is a powerful reason to include them
An advisory board is very different to a legal board of directors. Whilst a legal board of directors has to meet certain requirements and standards imposed by legislation, regulation and contemporary practice, an advisory board has no such constraints
In times of crisis many boards will be forced to revisit the line between board and management. When survival is on the line, the board needs to have its hand on the wheel, and be much more closely involved in the operations of the business. This is not problematic, and is to be expected in an effective governance structure