What every business needs from its board

Every company, regardless of size or structure, can benefit from a diverse, objective board of directors that examines financials regularly, say Robb McLarty, chief investment officer at Flow Capital, and Sean O’Dowd of Silvercrest Asset Management. “You want some debate and some tension, so long as everybody’s objective is to get to the right place for the company, the shareholders, and the other stakeholders,” McLarty says.