Lining up the right team to act in the best interests of the company
It is not only the composition of the board that counts but, perhaps more importantly, how the board works
14 November 2019 - 15:58
One of my go-to quotes whenever I am teaching directors and boards about their roles and responsibilities is this one by Charles Exley, a past chair of NCR Corporation, a company that has been around for more than 130 years: “I have been in this business for 36 years and have learnt a lot — and most of it doesn’t apply any more.”
I then go on to ask what one of the most important words or phrases in this quote is. Most people respond with “doesn’t apply any more”, which is obviously a huge challenge when one has learnt a lot. ..
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