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Enter the Boardroom with Nurole
62. Roger Martin - Board failure (1/2): why boards are worst when they need to be best, where they still add value, and the lost art of strategy
Mar 19, 2024
Ranked #1 management thinker Roger Martin discusses the value and struggles of boards, their role in strategy development, and the importance of collaboration between the board and executive team in this thought-provoking podcast.
33:17
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Quick takeaways
- Boards in publicly traded companies often lack effectiveness due to management's disinterest in their input.
- Non-profit boards can offer great value through expertise diversity and collaborative potential, contrasting with public company boards.
Deep dives
Value of Governance Boards in Publicly Traded Companies
The guest, Professor Roger Martin, emphasizes the low value of governance boards in publicly traded companies on average. Despite regulatory requirements for such boards, he highlights that many boards are not as effective as perceived, often being a net neutral presence. While certain well-performing boards exist, the overall state of board governance in publicly traded companies is seen as subpar, mainly due to management's lack of interest in their input.
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Discover
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