CHAPTER four
Different Roles for Different Boards
“I want to add some value to this company. I don’t want to manage it, but I want to be involved. I believe that I can and do contribute. And as a director, I don’t want to be associated with a lemon.”
—INDEPENDENT DIRECTOR
“The reality is that you can do very little. So all a director should do is ask every six months or so whether there is reason to fire the CEO. If the answer is ‘no,’ then go back to reading The Wall Street Journal.”
—INDEPENDENT DIRECTOR
AFTER TALKING WITH HUNDREDS OF DIRECTORS over the past few years, we’ve come to realize that there is a widely held assumption that all boards do the same thing, and that each director, other than his or her committee responsibilities, has ...
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