Great post, Shawn. I’ve been saying it for years that every BOD needs to offer much more help to the CEOs. And a simple solution is to mandate that the CEOs form an outstanding Advisory Board of their choosing.

As mentioned in my Medium post: Mission Possible: To Do What It Takes: “Years ago, I coined a simple tag line that gradually became a part of my email signature: BODs Serve Investors, Competent Advisory Boards Are CEOs’ Best Friends. And I truly believe in what I say!

Bringing competent advisers on board is a smart move! A good adviser will help reconsider the validity of the CEO’s assumptions and a good Advisory Board improves the decision-making process and helps the CEO considering different perspectives. Besides, many advisers become the proverbial Sounding Boards to the CEO. So, every CEO should have one!”