How Board Members Can Learn to Spot Red Flags by Kate Barr Spring 2015: Volume 22 Issue 1

How Board Members Can Learn to Spot Red Flags by Kate Barr (Spring 2015)
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Two reasons why boards can miss the red flags that pop up along the way to an organizationís financial collapse are the complexity of business models and the tendency of boards to separate the roles of governance and management. The solution, says the author, is for board members to get in the habit of asking good questions and grabbing the reins in the event that a board collectively skirts a problem and fails to act.