Ep. 33: Board Members - Insiders vs. Outsiders. We Favor the Former.

We advocate that Corporate Boards weigh their Board membership toward Insiders vs. Outsiders as the former has the relevant industry experience to push back on the CEO. Also, we believe that the risk of Insiders "falling in line" with the CEO is outweighed by Insiders who do not wish to risk the value of their compensation packages - particularly equity compensation - to a given CEO's foolish strategy and therefore will challenge that CEO. A rich discourse with give & take, a discourse that sets ego aside, a Board atmosphere that is focused on seeking truth is the optimal environment for maximizing shareholder value. Link to WSJ article: https://drive.google.com/open?id=0BxzCwbwg_jmIRlhFSnVwdWdVX0E