Powerful boards or TMTs are often needed to provide balance to the growing power of CEOs.

Question

Quizplus · Accepted Answer

Powerful boards or TMTs (Top Management Teams) are indeed necessary to counterbalance the increasing power of CEOs, as they can provide oversight, accountability, and diverse perspectives that contribute to better decision-making and organizational performance. Without such checks and balances, CEOs may become too dominant and entrenched, leading to potential risks and conflicts of interests.

Powerful Boards or TMTs Are Often Needed to Provide Balance