Introduction:  Brendan Lenihan is a professional non-executive director, a management consultant, a chartered accountant, and an accredited mediator.  Previously he was a Partner with Andersen (with whom he worked in Dublin and New York) Through his consultancy, Navigo Consulting, he provides strategic, financial and governance advice to clients in Ireland and the UK as well as having a non-executive director portfolio in private companies, public bodies and charities. His is currently; Chair of Irish International Trading Corporation Cork plc which is 103 years in business and turns over in excess of €80m per annum, as well as Chairing the Advisory Board of Regan Wall, a business law firm specialising in mergers and acquisitions.      Chair of Good Shepherd Cork, a sizeable charity providing emergency accommodation and services to homeless and vulnerable families.   Podcast episode Summary:  This podcast explores the nature of Boards, our understanding of the role of Boards, and whether we can consider boards are Teams. In addition, Brendan illuminates the constraints on boards and the potential that exists to support boards be more effective. Points made throughout the Episode:   o    Brendan has led a portfolio career to date. An accountant by nature but he is more than that. His eclectic portfolio and experience has meant that he has learnt how to sell, navigate & supervise professional service bodies. o    Brendan doesn’t rush towards fires but he has noticed that he ends up in the thick of things. Around the time of the crash in 2008 in NYC he was involved in the Enron Scandal and as Finance Director for a Property Company he was instrumental in supporting them through the crash. Similarly he was involved with the HSE for 4 years through Covid 19- where he put his consultancy experience where it was most needed. o    10 years ago as the President of the Chartered Institute of Ireland it became clear to Brendan that accountants do 3 things,  they measure, communicate and decide. Brendan observed that if someone like him, even with his vast experience, were to survive he needed to move up the value chain to where decision making and governance happened. Decision making is the business Brendan is now in. o    The Myths of Boards: The great man myth and the myth of omnipotence of boards is very much alive.  The myth that the CEO is the eternal fountain of all knowledge and the organisation pivots around him/her is similarly active. The truth is that the health and direction of a company cannot revolve around one person, especially as CEOs come and go. There is also a great myth that board work is easy, you turn up, listen and go away. That is not the case. o    There is a grain of truth in the idea that the smartest group of people are the executives and the wise comprise the board. The smart and wise sit down together and generally the wise people approve everything the smart people have to say, although it is not always the case. The smartest and wisest is the relationship between the Chair and the CEO. There is some grain of truth to all of this but it should not be how people think for a heathy, dynamic and growing organisation to operate. o    A lot of people end up on boards because of their success in role and the because of their functional expertise but often they do not know what the role of a board member is. o    A healthy board is one that has a very clear sense of its role & its purpose. Many boards have an impoverished view of what their role is as a Board. Often  they encapsulate their role as their function to support management. That definition is too simplistic and too narrow a definition. o    A healthy Board is one you cannot assess on paper. As well as a board appreciating their role & purpose it is also crucial that Board members understand each other as people. A healthy board is one where the relationships are really strong, where people can deal with conflict and differences of style