Best Quote by Scott Weiss
“The best board members aren't elected by default. CEOs that set themselves up with their choice of board member - which means getting more than one term sheet and doing extensive reference checking - are better off.”
About This Quote
Source Article: Business Insider, “How CEOs Can Choose Their Own Board”, 2023
Effective leadership requires CEOs to proactively select board members rather than accept default appointments, ensuring alignment and thorough vetting.
In simple terms: CEOs should pick their own board for better fit.
Key Takeaway
Choose board members strategically.
Themes
leadership
governance
strategy
Mood
strategic
analytical
Type
advisory
business.
When to use this quote
- startup fundraising
- executive hiring
- corporate restructuring
- venture capital negotiations
Key Concepts
alignment
due diligence
term sheets
Questions to Reflect On
- How can a CEO influence board composition?
- What criteria ensure a good board fit?
A Different Perspective
May be difficult in companies with entrenched board cultures.
