I guess I think a private board might be helpful even with pretty minimal time input. I think you mostly want some people who seem unbiased to avoid making huge errors as opposed to trying to get the optimal decision in ever case. That said, I’m sympathetic to wanting to avoid the extra bureaucracy.
The comparison to the for-profit sector seems useful but I wouldn’t emphasize it *too* much. When you can’t rely on markets to hold an org accountable, it makes sense that you’ll sometimes need an extra layer.
When for-profits start to need to achieve legitimacy that can’t be provide by markets, they seem to start to look towards these kinds of boards, too. (E.g. FB looking into governance boards).
That said, I don’t have a strong take on whether this is a good idea.
I guess I think a private board might be helpful even with pretty minimal time input. I think you mostly want some people who seem unbiased to avoid making huge errors as opposed to trying to get the optimal decision in ever case. That said, I’m sympathetic to wanting to avoid the extra bureaucracy.
The comparison to the for-profit sector seems useful but I wouldn’t emphasize it *too* much. When you can’t rely on markets to hold an org accountable, it makes sense that you’ll sometimes need an extra layer.
When for-profits start to need to achieve legitimacy that can’t be provide by markets, they seem to start to look towards these kinds of boards, too. (E.g. FB looking into governance boards).
That said, I don’t have a strong take on whether this is a good idea.