Boards should stop hiring people who already have huge commitments - Deepstash
Boards should stop hiring people who already have huge commitments

Boards should stop hiring people who already have huge commitments

Curated from: qz.com

Ideas, facts & insights covering these topics:

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The Elon Musk-Twitter Stand-Off

The Elon Musk-Twitter Stand-Off

Elon Musk already has huge commitments to the companies he founded, in industries (electric vehicles, space exploration) that don’t clearly relate to Twitter’s business, and wouldn’t necessarily be the best fit for its business model and strategies.

Firms should stop picking from a tiny pool of people who already have massive work commitments, and instead choose members with the time and energy to help steer their businesses thoughtfully. Doing so would also help combat a second, intransigent problem: Most people on boards are still white men.

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Elon Musk May Already Be Overstretched

Elon Musk May Already Be Overstretched

Musk may have decided he didn’t want his ownership of Twitter limited to the 14.9% stipulated by the board-seat arrangement. He may have preferred to keep lobbying advice from the sidelines.

He may also have realized he was too busy!

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The Bigger Issue

The Bigger Issue

One of the issues with the top ranks of corporate governance is that it draws so much from the same pool of already-overstretched people. This is a problem for several reasons:

  • Work for those individuals becomes almost impossibly demanding.
  • There is already a pipeline and culture problem that predominantly assists white men.
  • Giving board seats to CEOs and their equivalent exposes a narrow idea of what skills a person needs to help run a company.

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IDEAS CURATED BY

CURATOR'S NOTE

Interesting developments in the Elon Musk universe.

Sheila Bullock's ideas are part of this journey:

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