A board is an organization that oversees an what is the biggest challenge facing the ceo of today organization and helps ensure that it functions legally and in the best interest of shareholders and stakeholders. It does this independently of company management and day-to-day operations. The role of a Board is crucial in a world that continues to change and become more volatile as it encounters new dangers.

A successful board is composed of a variety of different capabilities, experiences and leadership styles. This is a reflection of diversity of thought as well as the ability to think outside the box and look at an issue from all angles. The composition of the board should be carefully thought through and planned, considering the needs of the leader both now and into the future.

Boards also have to be agile and flexible enough to adapt to rapidly evolving issues, which could require them to reconsider their structure and committees. For instance, the rapid growth of cybersecurity threats has forced boards to seek new expertise in this field. In addition, the global volatility has prompted boards to look for directors who have managed through challenging times.

A well-run board will be able to recruit and retain members who have diverse backgrounds, talents, and perspectives to help to achieve its goals. It is crucial that boards use a board-matrix system to help them select candidates with the right combination of soft and hard skills. This can be utilized in conjunction with a portal for board members like iBabs that can help new directors get started quickly by giving them more opportunities for collaboration and interaction with their peers.