It does in most cases, but that's also a reflection on having a weak CEO, who should be showing the board the strategy and enforcing and promoting it to get buy in. Jack Welsh is considered one of the best CEOs of all time and he spent 80 percent of his time focusing on people. To paraphrase "the best leaders define a vision, enforce and reinforce the vision, get people excited and see the vision through implementation completion". The last board I had involvement with had 16 members and it took them over a year to agree on a capital reporting format. Perfect example of a CEO not managing the board well. Strictly focusing on bottom line is another example of weak leadership.