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“Bad or Good Board of Directors”
Article

“Bad or Good Board of Directors”

25iq, 2018

автоматическое преобразование текста в аудио
автоматическое преобразование текста в аудио

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7

Qualities

  • Overview
  • Concrete Examples

Recommendation

Massive scandals like those of WorldCom and Theranos always provoke finger-pointing. Some place the blame on the companies’ boards of directors for failing to live up to their oversight responsibilities. In a blog post, Microsoft executive and author Tren Griffin shares and expands on advice from some prominent American board members. getAbstract believes entrepreneurs, as well as current and aspiring board members, will benefit from these insights on what makes a board of directors effective.

Take-Aways

  • Successful board members apply their past professional experiences and observations to spot potential problems early and help the leadership to navigate crises effectively. 
  • Board members should act as dispassionate observers providing guidance to management without becoming involved in everyday decision making. 
  • Hiring an outside director with no pecuniary relationship to the company ensures that the board promotes the company’s best long-term interests.

About the Author

Tren Griffin is a senior director of Microsoft and the author of Charlie Munger: The Complete Investor.


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