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Masters of Scale

Build a better board, w/Mellody Hobson, Lisa Shalett, & Shishir Mehrotra

Masters of Scale

WaitWhat

Business, Jeff Berman, Startups, Reid Hoffman, Management, Diversity & Inclusion, Mindset, Bob Safian, Entrepreneurship

4.64.4K Ratings

🗓️ 16 November 2021

⏱️ 42 minutes

🧾️ Download transcript

Summary

Your board of directors can make or break you. In fact, Reid believes, the wrong board member can break your company faster than the right board member can make it. Learn the five vital mindset shifts that can help you create a better board, with insights from Mellody Hobson, the co-CEO of Ariel Investments and the chair of the Starbucks board, along with Lisa Shalett, co-founder of Extraordinary Women on Boards, and Shishir Mehrotra, founder and CEO of Coda (Reid's on their board). These universal lessons don’t only speak to founders assembling their very first board, or board directors looking for best practices – they also offer important advice for team-building across the board.

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Transcript

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0:00.0

Hi, it's Bob Safian. You've been hearing me as the host of rapid response in this feed for a few years now,

0:07.8

with short newsy interviews alongside the deeper dives of Masters of Scale. Well, I'm excited to share that rapid response is expanding into its own feed.

0:17.0

We'll be putting out shows twice a week, focusing on the urgent issues that business leaders are dealing with in real time.

0:24.8

So search for rapid response in your podcast player and subscribe to make sure you get all our episodes.

0:31.2

I'll see you on the other side. There's a stage called Wildcat.

0:39.9

It's like 27 miles of super tight and twisty just back and forth back and

0:45.6

and the stage is so long you're like I swear we've been here already.

0:50.8

I remember this little canyon.

0:55.0

That's Krista Skukas. She's a rally co-driver talking about her favorite

1:01.0

race course or stage. It's near Olympia, Washington,

1:05.0

and they don't call it Wildcat because it's tame.

1:10.1

You're in rainforest territory in Washington out that way and every corner you're like do I have grip oh no don't have grip. Oh, oh, oh, wait I had way more grip. I could have gone so much faster on that

1:25.0

the

1:27.0

predates the 20th century. The courses range from logging roads

1:30.0

from logging roads to twisting gravel paths.

1:36.0

As a co-driver or navigator, Krista isn't actually driving the car.

1:40.0

She's sitting beside the driver, holding a notebook of cryptic symbols.

1:45.0

You have a left or a right, and you have degrees of corners.

1:49.0

One is the sharpest corner.

1:51.0

Six-plus is mostly a straight line until you're driving it at 120 miles an hour.

1:56.7

But calling out these codes on race days is far from her only job. You are not racing head to head. It is for fastest time overall. Cars are one to two minutes

2:11.3

spaced apart. So you're managing that while navigating out in the

...

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