Summary of “Bad or Good Board of Directors”

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“Bad or Good Board of Directors” summary
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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.

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...

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