A Three-Legged Stool In any leadership situation, including the leadership role assumed by a board of directors, a conceptual trio of responsibility, authority, and accountability share an inseparable relationship. Boards of directors must understand this relationship if they are to succeed. Like the legs of a three-legged stool, they must be kept in balance, or they will not stand. Ineffective boards pay little or no attention to this essential balance. A hands-on board, for example, that refuses to delegate authority Read More …