57sec snip

Excess Returns  cover image

High Conviction Value Investing with Chris Davis

Excess Returns

NOTE

The Impact of Good and Bad Boards on Companies

In most cases, a good board is overrated as it cannot make a great company, but a bad board can destroy a company. Bad boards tend to negatively impact companies through poor succession planning, failure to provide input on M&A deals, allowing distortions to occur, prioritizing company promotion over shareholder representation, and neglecting to enforce the disclosure of bad news and demand accountability.

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