Proper board stance is better described as a partnership. This may seem idealistic and is not always practical in reality as it requires buy-in from both parties. Nonetheless the ideal board member provides transparent, professional views on the company— wins, challenges, opportunities, and resources— working with the management team to maximize company value.

We underline the word ‘professional’ because in our experience, it isn’t wise to engage in a manner that is too ‘friendly’ or ‘personal.’