In my Opinion: Chartered Management Institute

A high-performing board is vital for eliminating short-term thinking, argues Judith Isherwood, CEO of the Wales Millennium Centre and a Chartered Management Institute Companion.

The turmoil in the global economy and the spectre of a recession have sharpened the focus of managers working in the creative and cultural industries, both in the UK and around the world.

For many, these are the best of times and the worst of times.

The best of times, for several reasons: the great progress made in recent years in increasing government and public recognition of the importance of the arts in people's lives; the huge opportunity that has been presented to the creative industries to showcase British culture to the world through the London 2012 Cultural Olympiad; and the opportunity to reap the benefits of the sector's investment over recent years in the development of cultural leaders.

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