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Creating and maintaining an effective board of directors is a complex and challenging task, especially in the context of the fourth industrial revolution and the pressure from activist investors. The board impacts everyone, whether in for-profit, not-for-profit, or family organizations, emphasizing the importance of effective governance. Historical failures like Enron, Wells Fargo, and Theranos raise questions about the accountability of directors in these corporate collapses. A crucial role of the board is to hire the CEO, which requires thorough diligence and consideration. Understanding how to create a board that truly adds value is essential for better governance.