A Quote by Fred Wilson
Board meetings should not be for the benefit of the board. They should be for the benefit of the CEO and the senior team.
Related Quotes
I think every responsible public board at every board meeting should be discussing succession. And, of course, Walmart has a very mature board: our chairman Rob Walton and other members. So succession is an ongoing. I think when I first joined the board of directors, it was discussed then. And it's discussed at every board meeting continually.
I'm in a different position than most CEO's. I'm a founder. I'm not a hired CEO. Now, I can be fired by the board, but most CEO's are hired by the board.
Sometimes, the Censor Board is observed taking a lenient view with regard to certain explicit contents, which should be restricted, on screen. The board should be strict in curbing such contents.
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.
As board members, we only meet infrequently and are not as engaged with the front line, necessarily. The first thing I did as CEO was I left this board room.
The role of the board is advice and consent. If the CEO does not lay out a clear strategy and tries to get the board to set one, it will usually end in disaster.
It's a bit disappointing when board members who don't know a thing about football are making decisions on your career. When you look at it you've got coaches, senior players and CEO's who wanted me but then it gets to a board meeting and you've got fat businessmen who are making the decision on your career. It was frustrating and it made me a bit angry.
Lots are written about how 'she shows up at board meetings in the saree.' My God, I have never worn a saree to board meetings; people play it out in different ways. I think I have never shied away from the fact that I am an Indian, and I don't intend to, but you can be at home with both cultures.
At SGI board meetings... Jim Clark's face would get red and he'd start shouting that an investor and board member had cheated him and his engineers.
We shouldn't think of family leave as an elite benefit, only available at some companies. Everyone in Maine, whether they have a child or are caring for a sick family member, should have access to this same benefit. It should be like unemployment insurance, there for you when you need it.
Foreign investors will not come and do things without any returns for themselves. And we don't expect them to come work for us free. But the local population should benefit rightfully. The locals should benefit just a little more than the companies.
I struggled to find an agency in London because no one knew whether they should put me in the men's board or the women's board. There was a lot of uncertainty about my commercial viability.
Congress should fund research on the effects that violent video games have on young minds... We don't benefit from ignorance. We don't benefit from not knowing the science.
I should see a board of directors who should vote on who I should date.
I see a tough time for our cricket. Senior players will establish records and go home, but our cricket will struggle. Young players aren't playing with the freedom that they should enjoy. The selectors and the cricket board should take responsibility for that.
We don't have an isolated group [of senior managers] surrounded by servants. Berkshire's headquarters is a tiny little suite. We just came back from Berkshire's board meeting; it had moved up to the board room of the Kiewit company and [it was so large and luxurious that] I felt uncomfortable.
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