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Blindspots Strategy's avatar

The title captures something I’ve been writing about in the venture context — governance models are almost always built to serve the institution that designed them, not the leaders operating inside them. In higher education it’s the Harvard legacy model. In venture-backed companies it’s the institutional capital model. The structure was designed for a specific set of incentives and constraints. When a different kind of leader enters it — a founder, a president of a smaller institution — the model doesn’t adapt. It performs. And it performs according to its original design, not the needs of the person now inside it.

What strikes me about your framing is the word “comfortable.” The lie is comfortable precisely because the governance looks right on paper. The board exists. The oversight function is present. The structure appears sound. The problem only becomes visible when conditions change and the structure reveals what it was actually built to protect.

Writing about this dynamic in the venture context at Blindspots Strategy on Substack if the parallel is useful territory.

Thomas Hardy's avatar

All good. I would add:

The board should understand their job is to WORK, not opine on various options. If big problems come up, more meetings are probably necessary.

The board must have information on school operations that do not come only from the CEO, who has a conflict of interest in reporting on problems during his or her watch.

If someone complains about anyone else they should be required in almost all cases to talk to that person first before going to the board. Any other means of handling rumors causes distrust.

Pick board members with a track record of smart decision-making.

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