“Good corporate governance results when board social dynamics, and the social system in which the board and management interact functions effectively. The subtleties of human social systems have as much to do with directors’ personal and group awareness, relationship skills and capacity for taking responsibility and being personally accountable as it does with written rules and, procedures.”
Margot Cairnes. Boardrooms That Work – A Guide to Board Dynamics. Australian Institute of Company Directors and Group of 100, 2003.