00:00:00
You've advised boards through
00:00:02
recessions.
00:00:03
>> Yeah.
00:00:04
>> Scandals and geopolitical shocks.
00:00:06
>> Oh, yes. Very difficult situations.
00:00:08
>> What mistakes do boards repeat when the
00:00:10
world changes faster than they do?
00:00:13
>> Yeah. One of the things I'm doing, well,
00:00:14
first thing I should tell you is that
00:00:17
a large part is to get the CEO
00:00:21
and the board on the same page. I do
00:00:23
that.
00:00:25
They have very difficult situations.
00:00:28
A second one I do to have the boards
00:00:32
learn
00:00:35
the decisions only they should make and
00:00:38
not others.
00:00:40
Third, I advise them how to conduct the
00:00:42
executive sessions.
00:00:44
Fourth, I advise them
00:00:47
they must tell the CEO
00:00:52
only one thing that he must change. Not
00:00:56
two, not three, not four,
00:00:59
but they get it.
00:01:01
I do advise them.
00:01:04
They must learn the business
00:01:06
money-making model of the company by
00:01:08
heart. Take a day, go down, learn it.
