Traditionally, one of the greatest challenges managers have had in terms of governance is getting simple responses from enough owners to make a positive difference. Board-by-default happens way too often because most owners are too busy to be bothered. Too often this leads to poor decision-making at the board level in governance over millions of dollars in assets and creates an inefficient and directionless management effort. Longer term, it leads to lower property values and much higher fees.    Read the article………………………..