Building your ‘Fit for Purpose’ Board

When starting or refreshing a board, many family business owners start with determining who should be on the board. But, as Banyan‘s Rob Lachenauer explains in this video, you will build a far more effective board if you begin by deciding the purpose of your board for the next 3-5 years. After you’ve determined that, then consider what qualities the individual board members must have to be able to achieve your goals.