Summary of “Bad or Good Board of Directors”

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

“Bad or Good Board of Directors” summary
Start getting smarter:
or see our plans

Rating

7 Overall

7 Applicability

6 Innovation

7 Style


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.

In this summary, you will learn

  • How to assemble a top-notch board of directors and
  • How to define the proper role of a board member. 
 

About the Author

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

 

Summary

Heed this advice to become a capable director and help form an effective board:

  • Learn from your experiences and those of others – A challenging situation as a board member can allow you to rise above yourself, but only if you heed the knowledge and apply the skills you have acquired as an “apprentice” over the years.
  • Observe first – Board positions are limited, and learning by doing isn’t always an option. Instead, learn the ropes by taking on an executive role that involves interactions with boards or joining less formal boards first.
  • Learn to spot...

More on this topic

Customers who read this summary also read

Scoundrels in the C-Suite
7
Breakdown and Repair
8
Chairman and CEO
7
How to Run a More Effective Meeting
8
When Bankers Started Playing With Other People’s Money
7
The Ex-Files
8

Related Channels

Comment on this summary