What should you expect from a high performance board? What role does a board play in the strategic planning of your business?
Use your board of directors to anticipate problems. Don't wait until the fire starts to look for the exit doors!A good board makes the discussion about where you are going as a company richer and deeper.
Mickey had inherited a healthy family business from his dad. The business made money every year but Mickey found himself with a collection of assets, not all of which were being maximized, because he constantly distracted, dealing with issues across the portfolio. He spent too much time putting out fires rather than designing a sprinkler system. The assets were across half a dozen industries that weren't necessarily related and each had their own unique set of issues. He needed clarity.