BioCentury
ARTICLE | Product Development

Promoting more effective biotech boards

Guest Commentary: Biotech boards would be higher functioning if they embraced a culture of debate

March 20, 2020 12:59 AM UTC
Updated on Mar 20, 2020 at 7:21 PM UTC

Most would agree that the board of directors plays an integral role in the success or failure of biotech companies, but exactly what makes one board highly effective and another complacent isn’t always clear. In our view, boards need to start embracing some of the elements that make them uncomfortable in order to foster a culture of open debate, provide diversity of thought and enhance their expertise in several critical areas.

With the COVID-19 pandemic threatening business operations and the economy for months to come, now more than ever, companies need to lean on boards to help navigate the uncertainty and define strategy. ...