“And so E&Y did a study, and they said in the next five years, they thought 27% of the Fortune, 501,000 board members would turn over.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Geri Elliott
PredictionNot checkable as stated
Reaching 30% Female Board Representation Will Take 33 Years
“Current course and speed, to get to 30%, it will take 33 years.”
Geri ElliottJan 2, 2019▶ 23:48a16z Podcast | Building a Better Board
Insight
Board Candidates Must Articulate a Clear Value Proposition
“Know what your value proposition is, and write it down, and actually have that five minute elevator pitch in your head, because if you can't articulate the value proposition to that board, then the conversation doesn't start.”
Geri ElliottJan 2, 2019▶ 14:31a16z Podcast | Building a Better Board
AssertionPartly supported
Higher Board Meeting Frequency Correlates With Better Financial Performance
“And the studies show that the longer the boards meet, or the more the board meets, it actually translates better to the bottom line. It's between 20 and 40 days a year with an average of 28.”
Geri ElliottJan 2, 2019▶ 19:05a16z Podcast | Building a Better Board
AssertionSupported
70% of Corporate Board Seats Are Sourced Through Networks
“Shelley was saying only 30% of board seats get, get sourced by a recruiter. The other 70% is through the network.”
Geri ElliottJan 2, 2019▶ 20:47a16z Podcast | Building a Better Board
AssertionContradicted
Fortune 500 Board Seats Dropped 12% Since 2009
“And since 2009, the number of board seats in the Fortune 500 has reduced by 12%. Boards are getting smaller. Used to be an average of 10.8. It's now closer to nine.”
Geri ElliottJan 2, 2019▶ 24:08a16z Podcast | Building a Better Board
What-if
Early Board Service Improves Operating Executive Performance
“I wish I had done it earlier, because I would have been a better operating executive.”
Geri ElliottJan 2, 2019▶ 30:51a16z Podcast | Building a Better Board
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