Redefinition of how a board of directors fulfills its duties to make informed decisions and to monitor and oversee management is a primary focus of corporate governance reform. In a three pronged approached to the examination of the role of the board of directors in corporate governance, this article recommends board restructuring based on the best practices contained in proposed and enacted reforms; discusses board and committee responsibilities in the context of the restructured board; and suggests assessment procedures to evaluate board progress in instituting corporate governance reforms. The matrix appended to the article is a synthesis of required and recommended corporate governance reforms.
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