The Board are the guardians of the Owner’s Mission. That’s not the formal definition that you will find for Boards, but it is what it boils down to.

They ensure that the company is being managed in accordance with the Purpose, the Values and the Mission that has been set up. They also must do it within the context of all the relevant stakeholders such as community, staff, government so it is multi-faceted and not straightforward. If the Owners create the “Why” Then the Board sets the “what” of what will be tackled to fulfil the “why” within the constraints that exist.