Getting effective solutions from the board

Team play, a rational approach and accepting the results of collective decisions are all important

It is common knowledge that working as a team can result in an outstanding performance beyond what a highly capable person can achieve alone. The same is true for a corporate board of directors.

In any board, each member is usually a highly capable person with an impressive professional and educational background. Each director must meet strict criteria and be approved by shareholders. However, even though directors are highly capable, it does not mean they can always work together in harmony.

“Coming together is the beginning. Keeping together is progress. Working together is success,” Henry Ford once said. Working together means directors can truly…