The world in which corporate boards operate has been transformed in fundamental ways in recent years. The operating environment has changed dramatically: Globalization, the ascendency of the internet, corporate scandals and financial crises have fundamentally altered the business risk landscape, unleashed mountains of regulatory requirements and prompted greater engagement between investors and companies. All of these changes have resulted in greater director accountability and new areas of oversight, which is why the modern-day board must be one of the company’s strongest strategic assets.
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