Board meetings should not be for the benefit of the board. They should be for the benefit of the CEO and the senior team.
Sentiment: NEGATIVE
Being on a board is not just about showing up for the meetings. A board member needs to materially contribute to the success of the business.
The best board members aren't elected by default. CEOs that set themselves up with their choice of board member - which means getting more than one term sheet and doing extensive reference checking - are better off.
People who enjoy meetings should not be in charge of anything.
In the age of activism that is clearly not going away, it would seem that some form of engagement from directors with shareholders - rather than directors simply taking their cues from management - would go a long way toward helping boards work on behalf of all shareholders rather just the most vocal.
Shareholder meetings are not usually the occasion for utter candor - or for that matter, arch sarcasm - by chief executives.
Meetings get a bad rap, and deservedly so - most are disorganized and distracted. But they can be a critical tool for getting your team on the same page.
Meetings should be great - they're opportunities for a group of people sitting together around a table to directly communicate. That should be a good thing. And it is, but only if treated as a rare delicacy.
Meetings should be like salt - a spice sprinkled carefully to enhance a dish, not poured recklessly over every forkful. Too much salt destroys a dish. Too many meetings destroy morale and motivation.
Meetings are indispensable when you don't want to do anything.
Instead of fostering the kind of dialogue in the boardroom that has in part contributed to our success, the board has inappropriately chosen to silence my concerns through termination as an executive officer.
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