Boards that work - information flow is the key

There is circumstantial evidence and strong public opinion that many company boards have not been as effective as they need to be. Weak, ineffective boards, with poor oversight and lacking focus, with ill-informed and incompetent directors, have cost shareholders millions in recent years. But even the best boards cannot operate properly if key information is deliberately withheld by executives. This short article considers the central role of information in corporate governance.