The lines of sight
Boards today spend far too much time reacting and not enough time leading. In my research, I found that boards dedicate only about 25% of their time to Foresight, despite saying they should devote 50% or more.
Instead of just keeping pace, a truly smart board knows how to allocate deliberate time across three lines of sight:
Hindsight
What has happened.
Oversight
What is happening.
Foresight
What might happen.
The information chasm
Every board operates with an inherent information gap between directors and management. This is not a temporary problem, nor a sign of dysfunction, but a permanent feature of how boards are designed.
Directors are expected to exercise judgment and oversight without being immersed in the organization day-to-day. Management, by contrast, lives inside the business. That structural difference creates a predictable imbalance:
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Time
Directors typically contribute ~250 hours per year; management invests 3,000+ hours.
Expertise
Many directors are accomplished leaders, but often without deep, current industry immersion.
Attention
Directors divide their focus across multiple organizations, while the executive team is singularly focused on one.
The goal of good governance is not to eliminate this gap (in fact, it can’t be eliminated) but to manage it deliberately.
Without shared language and a clear framework, such as the 3 Lines of Sight, boards risk mistaking activity for effectiveness and oversight for insight.
The role of the Chair
An effective board is orchestrated by an effective Chair. I break that orchestration into three “T’s”:
Explore the concept
Talent
Ensuring the board has the right skills to contribute.
Tone
Striking the right balance between trust and constructive tension.
Time
Managing the board’s most scarce resource effectively.
When the three T’s come together under a strong Chair, the board is positioned for value-adding governance.

