What is the role of the Board? The board’s mandate is to provide strategic guidance that includes strategic direction and strategic oversight. Strategic direction is to identify the strategic bullseye – the ambition of the organization. While strategic oversight is about risk management and compliance for effective monitoring and control. A strategy is a plan of action designed to achieve one or more overarching long-term organizational goals and aims. For the board, you need to focus more on the process and not the outcome. It is important to note that plans are nothing. Planning is everything. So, having a strategic…