I think the general tech public would be amazed how little even typical board decision making would stand up to public scrutiny. It’s pretty bad out there.
Discussion
in what way? lack of understanding of the impact of decisions? do you have a root cause for this?
The role of a board as a group is to provide governance for the company and accountability to the management team. The typical board member is a venture capitalist that had to win the deal in a competitive round, or was appointed by a founder. That’s a bad starting relationship for effectively executing those jobs.
Plus, it’s a hard thing to do. People without operating backgrounds (at least 50% of board members I’ve seen) would have no experience doing these things at any scale.
so it's a matter of board members have little to no domain expertise or operational experience?
It seems this is just another misallocation of capital resources.
thank you, I never understand the whole company board thing. This is helping to clarify it's purpose better.
TBF it’s a tough job. But yeah, you want to bring on board members who believe in the vision and the mission of the company, but also know what a well run company looks like, and have the backbone to govern towards that.
outside of VC appointment, how do people even become board members?