Board should have a proper blend of skills for effective and good corporate governance. Explain.

Good governance is the prime concern of the Board. To be able to undertake its functions efficiently and effectively, the Board must possess the necessary blend of qualities, skills, knowledge and experience. Each of the directors should make quality contribution. A Board should have a mix of the following skills, knowledge and experience: Operational or technical expertise, commitment to establish leadership; Financial skills; Legal skills; and Knowledge of Government and regulatory requirement or subject expert in which the company is in operation so as that company may get the benefit of director's specialization.