How Can Companies Mitigate the Risks of Overboarding?
To mitigate the risks, companies can:
Set Limits: Establish clear policies on the maximum number of board positions an executive can hold. Conduct Regular Reviews: Periodically review the board members' commitments to ensure they are not overextended. Encourage Transparency: Promote full disclosure of all board memberships and potential conflicts of interest. Foster a Culture of Accountability: Ensure that board members are held accountable for their performance and commitment.