Getting The Wife On The Board
We all know that we need more women on the board of both public and private companies. But is Volkswagen Chairman Ferdinand Piech taking this a bit too far, by getting his wife, Ursula, on the board, as reported here on Bloomberg?
I’ve served on committees with board husband and wife on them and they are a nightmare. You spend all the meeting trying to get a concensus and wo-betide you, if the wife has been outvoted by the group including her husband. She will then spend all night changing his mind, so you have to go through the process all over again.
So do Volkswagen know what they are getting themselves into?
Surely, there must be another woman in Germany, who would do a better job than the Chairman’s wife!
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