This exercise will give you a better understanding of the role of boards of directors in formulating, implementing, and evaluating strategies.

Instructions
Identify a person in your community who serves on a board of directors. Make an appointment to interview that person, and seek answers to the following questions. Summarize your findings in a five-minute oral report to the class.

• On what board are you a member?

• How often does the board meet?

• How long have you served on the board?

• What role does the board play in this company?

• How has the role of the board changed in recent years?

• What changes would you like to see in the role of the board?

• To what extent do you prepare for the board meeting?

• To what extent are you involved in strategic management of the firm?