Rajive Johri talks about the consequences of board mistakes or when a board fails to meet their responsibilities including scandals, company downturns, or even legal charges for company officers. He discusses ways in which corporate boards can create processes that provide checks and balances so that these kinds of events do not occur. Johri also suggests that board members should be limited to the number of boards they serve on, and that board members need to be constantly vigil for potential risks to the business.