There is more than ample evidence that boards of directors in Malta are steadily, although quietly, changing. A number of factors have contributed to this.
There is no alternative to heterogeneity. Different views and opinions from persons with different experience and competence enrich discussion and provide for better decision-making. People with similar views and opinions on a board of directors can fall into the trap of immobility, recycling of the same ideas year in-year out, lack of innovation in policy and strategy. Grid-lock.
Chairing any meeting is a challenging task, and the burden of responsibility gets heavier when chairing board meetings where decisions are taken that have a direct impact on the business, its prospects, its shareholders and its employees. My experience with chairing boards has given me great satisfaction and a sense of fulfillment in my career, but there were instances of disillusionment and silent despair when the board finds difficulty in being steered in one direction as personalities become more important than projects, performance and results.
“New year, new me!” We hear that phrase countless times at the start of the year. And many of us are already enthusiastically embracing our new year resolutions.
