One of the changes to enhance the effectiveness of the Board of Directors is the creation of a "lead director" role that has strong powers with regard to the Board agenda and oversight of non-management Board member activities.

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The statement describes a real change that some companies have made to improve the functioning of their Board of Directors. The lead director role is a common approach to increase independent oversight and coordination among Board members, especially when the same person holds the CEO and Chair positions. The lead director often serves as a liaison between management and non-management directors, sets meeting agendas, presides over executive sessions, and assists in evaluating the Board's performance. However, the exact responsibilities and powers of the lead director may vary depending on the company and its governance structure.

One of the Changes to Enhance the Effectiveness of the Board