There has been a great deal of discussion about the Board Governance Committee's draft of the Core Principles and Corporate Governance Guidelines. Section 5(e) says "Having given the chief executive delegated authority, Board members should be careful – individually and collectively – not to undermine it by word or action." The idea behind this is that the board should not be undermining the activity of the CEO after it has delegated a task. As a CEO, I can understand this intention, but I believe that it should be decided operationally and should not be in a guidelines document to be signed by the board. In addition, I think the word "undermine" is vague. In many ways, the role of the board is to "undermine" management if management is not doing the right thing.
During the public forum (which is going on right now), Alejandro Pisanty, the chair of the committee, pointed out that there were a number of comments and that the committee is working on revising the draft. If you have comments, I suggest you submit them through the link above. There were a number of constructive comments from other participants during the forum and they will be posted on the site soon.