CEOs and founders need to be very good at what they do to succeed, but no one alone can be an expert in every subject, nor in every area of a company. With the combined insights of a carefully curated board, however, maybe we can. A board offers additional perspectives and the wisdom of having gone through diverse experiences of success and failure. When done right, a board drives a company’s growth and innovation with tried and tested strategies, and it guides better, more holistic decision making.
While some of a company’s leadership might be well-suited to sit on its board, looking within to fill all board positions will severely limit its potential. Outside board members can help the company’s leadership see objectives and obstacles from different angles and paint a more complete picture.
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