The predominant model is a Board of Directors that determines mission, oversees high level policy, and ensures fiscal responsibility. In the earlier stages of an organization, before a full management function has been created and professional expertise broadly established, a Board will need to take on additional executive roles around strategy and its implementation. How well these transitions are handled is critical to organizational success and culture development.
Staffing the Board with smart, committed, and well networked individuals is one of the permanent, ever present tasks of the organization. A pipeline of interested individuals is one of the most significant metrics of organizational health. It also plays a strong role in the morale of the senior leaders of the organization.