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One of the most painful parts of the Google acquisition of Nest was losing our board. We had an amazing board at Nest—structured and informed, operational and active. We could go to the board, get firm agreement on a clear strategy and plan: yes, we’re going to do this, I’ll get back to you in a week with next steps.

When we were acquired, our beloved board was dissolved and replaced with . . . nothing. We were supposed to have a governing board of several Google execs, but our meetings were either perpetually rescheduled or barely attended. We’d propose a path forward and everyone would say, “Yeah, well, let’s think about that a little bit more.” The can would get kicked down the road to the next meeting that nobody went to and we’d be left sitting

on our hands.

One might look at that and say, “So what’s the problem? If the board doesn’t give you guidance, then just go do it yourself. You’re the CEO.”

But that is not the solution. Even the most incredible CEOs in the world still need a board. Not the meetings, necessarily, but the advice of smart, invested, experienced people. Even big projects within a company should have a mini-board—a collection of helpful execs who can work to guide a project lead and step in if things go sideways.