The role of a board of directors and their responsibilities has increased dramatically in a changing global landscape. Defining the role that a board of directors will play for a company can actually allow the board to be more successful and achieve good governance for an organization significantly faster than when the relationship is undefined.

Above all, duties and responsibilities need to be clearly defined. The organization’s bylaws typically outline the duties for the board, board chair, corporate secretary, general counsel and committees. The duties and responsibilities for C-suite level executives and senior-level managers are usually outlined within the written job description for the role.