By Monica Rivers, an Octane blog contributor
Once a business entity reaches a certain size it is normal for its management to be shared by a board of directors. Overseen by the chairman and/or chief executive, this group of board members has ultimate responsibility for everything that happens within a company.
The creation of a successful and well-balanced boardroom is an art form in itself. Senior managers and shareholders will seek to ensure there are no critical gaps in the shared experience or knowledge base of the board members.