In this episode of CEO perspectives, The Conference Board President and CEO Steve Odland sits down with Harry Kraemer, professor at Northwestern University’s Kellogg School of Management and executive partner with Madison Dearborn Partners, one of the largest private equity firms in the US. Odland and Kraemer take a deep dive into all things “board”: how to get on one, how to get up to speed once you’ve landed a coveted spot, and what makes for a great board member. Tune in to find out:
The qualifications of a board member
The best ways to go about getting on a board
The boundaries between operations and the business judgement of the board
Governance principles in public and private companies
“Management manages and boards govern. And as long as people know what their role is, this works out well. Where it gets a little dangerous is when boards think they're involved in management, or management is weak enough that they let the board get involved in things other than governance.”—Harry Kraemer, Professor, Northwestern University’s Kellogg School of Management, and Executive Partner, Madison Dearborn Partners
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