From www.aicd.com.au: Founders as CEOs can create significant governance challenges for boards, as seen in the cases of WiseTech and Mineral Resources, where leadership crises led to regulatory scrutiny and declining share prices.

The inherent tension between a founder’s intuitive decision-making approach and a board’s need for governance often complicates oversight and can hinder effective corporate governance.

Strategies like implementing critical thinking frameworks and ensuring role clarity between founders and board members are essential to fostering constructive collaboration and mitigating risks associated with unchecked power.