A significant 40 per cent of advisory boards fail to act as good mentors and coaches to CEOs and business leadership, or increase the organisation's effectiveness, develop collaborative strategies and provide support to overcome unfamiliar challenges, according to a study by Athena Executive Search and Consulting.

At least 29 per cent of the participants in the study felt that boards act only when faced with a potentially threatening scenario, rather than engaging in compliance-building or risk aversion measures. The study, titled, 'The Changing Face of Indian Board Rooms and their Relevance', covered over 200 CEOs, companies and heads of businesses and aimed at identifying the changing composition and evolving role of boards in India.

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