US EditionClosed Club Culture of Boards: Impacts, Evolution, and Future Challenges
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Closed Club Culture of Boards: Impacts, Evolution, and Future Challenges
The Board of Directors is often perceived as the cornerstone of a company, yet it remains an enigmatic entity for those outside its realm. While its importance is widely acknowledged, the role it plays in shaping corporate strategy and governance is subject to varying interpretations. Historically, boards have operated as exclusive, insular groups—a “closed club”—compriseing individuals with extensive experience and deep professional networks. W…
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