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In Uganda, there’s a saying “the cow that only follows the herd will never discover the best pasture”. Yet, many boards behave like that cow, blindly following management’s lead, nodding in agreement, and rubber-stamping decisions without question.
I once sat in a board meeting where members discussed lunch allowances more than long-term strategy. Meanwhile, the company was losing market share, its technology was outdated, and its competitors were quietly eating its lunch.
When I asked, “What is the board’s strategic direction for the next five years?” one director confidently said, “that is management’s job, we just approve.”
There lies the problem. Many Ugandan boards mistake their role for that of a spectator instead of a navigator. Read more >>
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