Andrea Jung on the Changing Role of Corporate Boards

The video discusses the responsibilities and privileges of being on corporate boards, highlighting the evolving role of directors in large corporations. It emphasizes the importance of strategy, risk, people, and culture in board responsibilities. The speaker shares insights on assessing board contributions and experiences, particularly from serving on the Apple board, stressing the importance of leadership and asking the right questions without micromanaging.

What are the four key areas that corporate boards need to focus on today?

• Leadership, management, control, and execution

• Technology, innovation, growth, and profit

• Finance, marketing, sales, and operations

• Strategy, risk, people, and culture

What is the primary role of a board member in relation to management?

• To lead all company meetings

• To micromanage daily operations

• To provide financial support

• To ask the right questions at the right time

How should board members assess their contributions to the board?

• By the number of meetings attended

• By the amount of time spent on board activities

• By how well they support management

• By the financial success of the company

What is highlighted as a significant benefit of being on the Apple board?

• Access to exclusive products

• Learning from extraordinary leaders

• Travel opportunities

• High financial compensation

What is considered most important for board members at the end of the day?

• Having a strong financial acumen

• Attending all board meetings

• Being able to lead and help management

• Having a diverse background