Cowardly Corporate Lions

In a room full of smart and accomplished corporate board directors and CEOs from leading companies around the world, one topic resonated above all the usual items on the table. It wasn’t strategy, risk management, or compensation that stood out among the group I spent a couple of days with last week.

It was courage.

Of course, that wasn’t the word they used to describe their dilemma. It only became apparent that courage was an issue when I asked the executives what they do when there’s something that comes up in a board meeting they don’t quite understand. It could be about technology, a competitor, a proposed acquisition, anything.

So what do these smart, accomplished corporate directors do when something doesn’t make sense to them? Nothing.

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