One of the most painful parts of the Google acquisition of Nest was losing our board. We had an amazing board at Nestâstructured and informed, operational and active. We could go to the board, get firm agreement on a clear strategy and plan: yes, weâre going to do this, Iâll 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. Weâd propose a path forward and everyone would say, âYeah, well, letâs think about that a little bit more.â The can would get kicked down the road to the next meeting that nobody went to and weâd be left sitting
on our hands.
One might look at that and say, âSo whatâs the problem? If the board doesnât give you guidance, then just go do it yourself. Youâre the CEO.â
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-boardâa collection of helpful execs who can work to guide a project lead and step in if things go sideways.