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Alex Bäcker's Wiki / How To Manage A Board of Directors
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How To Manage A Board of Directors

Page history last edited by PBworks 17 years, 2 months ago

A life spent making mistakes is not only more honorable, but more useful than a life spent doing nothing.

--George Bernard Shaw


Be your own worst critic

Criticize yourself pre-emptively before others do.


Announce bad news early

So people trust you when you give good news.


Let everyone know everything that can go wrong

That way nobody is surprised if something actually does go wrong.


If the Board will not understand it in the time allotted, it does not belong in a Board Meeting.

Your Directors should be smart, but there is only so much depth you can go into with once-a-month meetings. Stay strategic.


Set expectations low

It is a peculiar process of corporate America that Boards judge a CEO's performance against the CEO's plan, and have little role in setting the plan. So the more pessimistic the plan, the better the CEO looks. Stupid, but unfortunately true.


Credits: Jason Green, Michael Harris.


Up to Entrepreneurship.




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