3. **In what ways can a board of directors assess and improve its own performance and effectiveness in providing strategic direction and oversight for the organization?
2. **How does a board of directors ensure compliance with legal and regulatory requirements, and what processes are in place to identify and manage potential risks that could affect the organization?
**What are the key responsibilities of a board of directors in overseeing the management and operations of a company, and how can they effectively balance oversight with management autonomy?