We are what we are !!

The other day somebody told me that Abraham Lincoln after winning the elections , formed his first cabinet with three of the people who were his rivals for Republican nomination. Lincoln had a logic- Cabinet should represent diverse views and perspectives and also fiercely independent. Should a Corporate Board reflect such diversity and independence? Every director in the Board brings with him or her wisdom for running the business and board diversity ensures that several new windows are opened and explored, new doors are found and hidden doors are unhinged. One of the tasks for Boards is to form Committees like Audit Committee,NRC, Independent Directors' Committee etc. Now with rapid  and disrupting changes happening around you,the importance of forming Risk Management Committee, Technology Adaptation Committee, Business Strategy Committee etc. has gained quite a bit of traction. Invariably for effective functioning of these Committees, Boards must have requisite reservoir ...