Rosati: Board Members Work Under 10% of Management Hours, Creating Information Gaps
Deborah Rosati · 40 Years In, She Says the Boardroom's Real Work Happens Elsewhere · Nov 7, 2023 · at 26:11
Corporate governance advisor Deborah Rosati discusses the structural information asymmetry between executive management and corporate boards.
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“If you think that there's two, 2000 hours in a year, give or take, you know, that's assuming a 37 and a half hour work week, but you, as management, you're working two, 2000 to 3000 hours a year. A board, On average, is probably putting in 200 to 300 hours of, for that particular company. That's less than 10% of what manage, so if you think about it, there's this huge information gap between what management knows and does, and what the board does.”
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