Critical role of board guiding businesses through tough times

Kieran Moynihan, managing partner and founder of Board Excellence, outlines the vital role the board plays in sustaining the success of Irish family businesses

While family businesses have great strengths such as their long-term commitment, they can face challenges in relation to areas such as  governance at board level and the diversity of thought which independent, non-executive directors typically bring. Picture: iStock

Since the onset of the pandemic, the majority of businesses have faced an unprecedented level of challenge that together with Brexit and other economic headwinds, have tested a business’s ability to survive and adapt in volatile market conditions.

Kieran Moynihan, managing partner and founder of Board Excellence.