by steven e. sacks
the purpose behind an organization creating a board is not to micromanage, design a company logo or address human resource issues. neither is its role to sit around and smoke cohiba esplendido cigars and sip louis xiii de remy martin grande cognac.
more: can you recite your mission statement? | does busyness really mean productivity? | five powerpoint rules to live by | your firm’s biggest assets walk out the door every day | so much to do and so little time: achieving success in the c-suite | can we please refer to accounting as a profession?
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this glad-handing, back-slapping culture led to the financial breakdowns in the early 2000s and probably still is happening at this writing.