All virtue is summed up in dealing justly - Aristotle

A collection of excellent players do not always make a great team,
especially if they all excel at the same skills.
• Building successful teams / successful boards is an important entrepreneurship skill.
• Effectiveness of boards determine the effectiveness of the corporation.
• In Order to Create a Successful Board;
• Mutual respect, trust, and candor must be attained between all board members.
• Different skills and competencies of the members must cover company needs like;
• Risk profile
• Stage of life cycle
• Geographic experience
• Industry experience
• Stakeholder experience
• Team members must spend time together and exchange ideas and views.
• The board has to work as a unified team, not as individual stars.
• Great care should be taken to ensure that the team is formed properly from the outset.
• Corporate incentive systems should be set up so as to increase team performance.
• Sufficient time has to be invested up front to ensure agreement on a common vision.
• Planned changes are necessary to ensure lasting team success.
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