A well-structured board can be a game-changer for CEOs, but too often, it's an underutilized resource. In this episode, Chris Sugden, Managing Partner at Edison Partners, challenges the conventional thinking around boards and shares how CEOs can turn them into a strategic advantage.

Chris breaks down why independent directors often provide more value than investor-heavy boards, how to avoid the common pitfall of "board amnesia," and why ongoing engagement beyond quarterly meetings is critical. He also discusses the role of lead directors and chairpersons, highlighting how they can drive accountability and alignment. Plus, he explores the fine line between mentorship and coaching—helping CEOs find the right kind of support to navigate growth and leadership challenges.

In this episode, you'll learn:

• Why independent directors bring more strategic value than investors

• The importance of continuous board engagement beyond meetings

• How a lead director or chairperson can strengthen governance

• When executive sessions should be used—and when they shouldn't

Jump into the conversation:

(00:00) Introduction

(02:00) The role of boards in startup and growth-stage companies

(05:00) Why independent directors matter more than investors

(08:00) The strategic value of a well-structured board

(11:00) Avoiding board amnesia and fostering ongoing engagement

(14:00) The lead director's role in driving alignment and accountability

(17:00) How to use executive sessions effectively

(20:00) Coaching vs. mentorship: what CEOs need from their board

(23:00) Handling board conflicts and misaligned investors

(25:00) Building a high-impact board