What is the hardest thing that company boards have to do?
I can answer this with considerable authority, having been on a board for all of two months. The hardest thing is not strategy. It isn’t complying with hundreds of petty regulations. It isn’t setting the chief executive’s pay, or even sacking him.
Doubtless, these things can be hard. But harder is arranging to meet at all. Getting 10 or 15 busy people to agree that they are all free on a certain day far in the future is an extraordinarily tricky matter.
I am a novice at this and until now have cheerfully admitted that I have no engagements for 2007, let alone for 2008. In fact, I still don’t even own diaries for either of those years to put any dates into.
FT.com / Columnists / Lucy Kellaway - Instructions for new non-execs in managing an empty diary
Posts
