You Will Need a Different Kind of Board of Directors

Abstract

The board of directors is critical to a company’s organizational structure, overseeing management and protecting shareholders’ interests. In science-driven companies, the board’s role extends beyond traditional business and financial oversight to include scientific expertise that drives innovation, manages scientific risk, and ensures adherence to ethical standards. The board’s primary responsibilities include corporate governance, strategic guidance, and oversight of management activities, ensuring the company’s adherence to legal standards and ethical norms. The decisions made at this level can significantly affect not only the company but also public health, patients, research directions, and industry standards. Ultimately, board members in science-driven companies contribute their unique skills and knowledge to the board, always with transparency and a strong ethical compass.