In preparation for our upcoming symposium on Boards, we conducted a survey of CEOs, Board Directors, and Advisors. We had an overwhelming response to our survey from 112 participants. In our 10 question survey, half were common to CEOs and Directors and rest were tailored. This is second in our posts on that subject
We asked both groups about how board members detract from the company’s mission. Not all relationships are perfect and we hypothesized we would develop some actionable data by asking about discord. Here is what we found:-
Our explanation: CEOs have deeper insight and understanding of a company’s operations. They are genuinely excited to share these details but other board members quickly lose patience (especially true if the details are regarding technology or product features).
Putting personal gain ahead of company did not seem like an issue and many had not witnessed it.
There is also a genuine tolerance for directors who ask for a lot of information, especially in 1:1 settings.
Hope you find this useful. Feel free to post your comments below.