Successful firms view their boards of directors as competitive weapons. Boards impact the most important business matters. And, since they are expensive and consume substantial time, a board of directors needs to be effective in their impact.
By taking the minimum viable product (MVP) ethos and applying it an outcome-driven development process, your business can realize tangible and lasting improvements to its bottom line.
Many balance sheets have a line called “Commitments and Contingencies” between the liability and equity sections. The strange part is there are no dollar amounts listed. So, what the heck are commitments and contingencies?