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Governing for performance

The true value of an effective board is in keeping the company safe while ensuring that it creates value.

An effective board plays a strategic role, with a "brain-on, hands-off" approach. It steadies the tiller - but doesn't run the engines.

A BASIC tenet of any company is that it should deliver returns to its shareholders and other stakeholders. To facilitate this mission, the shareholders appoint a board of directors to ensure that the company delivers value within the rules of the game set by the government and society. In turn,