Summary of Building Your Board

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

Building Your Board summary
Start getting smarter:
or see our plans

Rating

8 Overall

10 Applicability

7 Innovation

6 Style


Recommendation

A board of directors can serve a much more important function than merely approving a company’s budgets or rubber-stamping a CEO’s agenda. In fact, a board, if well-managed, can serve as an invaluable source of expertise and advice. In an entertaining, informative presentation, Glenn Kelman, the charismatic CEO of real estate brokerage Redfin, shares his personal experiences of building a board. Although he casually name-drops and uses occasional salty language, and his examples are anecdotal and specific to Redfin, his advice is universally applicable. getAbstract recommends this video to start-up founders who strive to assemble strong boards.

In this summary, you will learn

  • Why appointing the right personnel to your board of directors is crucial to your company’s success,
  • How a board of directors can serve as an invaluable source of expertise and advice for a CEO, and
  • How to enable a board of directors to provide the best possible advice.
 

About the Speaker

Glenn Kelman is the CEO of Redfin, a web-based residential real estate company.

 

Summary

The CEO of a fledgling company must select a board of directors wisely. Board members’ skills and expertise can serve as an invaluable resource to your company, so don’t simply extend board membership to the first investor to offer you capital or to a big-name firm. Choose board members who share a passion for your business and with whom you can have an amicable professional relationship, because board members are difficult to fire, though they can easily fire you. When assembling your board, keep the following points in mind:


More on this topic

Customers who read this summary also read

Boss Ladies
8
Aligning the Board and Management During Corporate Transformation
7
How to Win the Battle Between People and Profits
7
4 Ways to Build a Human Company in the Age of Machines
8
Unleashing Innovation and Entrepreneurial Potential in Organizations
7
How to Break Bad Management Habits Before They Reach the Next Generation of Leaders
7

Related Channels

Comment on this summary