Simultaneous discovery — or the sincerest form of flattery? Board Committee research

Two topics here — how to get Boards focused on science and technology for the long term, and how good ideas can get … um … discovered?

Source: https://www.hugo.team/blog/what-is-a-board-meeting

The difference a special Board committee can make

Innovation, transformation, and anything that requires a long-term investment with no guarantee of when it will pay off can be easy for management teams to ignore. After all, if I have a five-year timeframe until success can be reached and my personal tenure is, say, three years, what’s the point (for me personally). This is one of the core problems of managing organizations for the long term — personal incentives are often not aligned with what the organization requires for those time horizons.

But this should be where Boards of Directors come in. Boards are intended to represent the long-term best interest of the organization, with their role being to ensure the “long term sustainability” of the company.

In other words, the Board is supposed to look after the long-term viability of the enterprise, not just to rubber stamp whatever management wants to do. Unfortunately, most Boards are not set up to provide meaningful long-term direction. The three required…