Board Members Are Paid $250,000 for <60 Days of Work, to Do Something They Admittedly Don’t Even Understand

A mere 34% of the 772 directors surveyed by McKinsey in 2013 agreed that the boards on which they served fully comprehended their companies’ strategies. Only 22% said their boards were completely aware of how their firms created value, and just 16% claimed that their boards had a strong understanding of the dynamics of their firms’ industries.

Where Boards Fall Short Harvard Business Review

Show your support

Clapping shows how much you appreciated Shit Management Says’s story.