The board of directors' primary responsibility is to protect the assets of shareholders, trying to ensure they receive a strong return on their investments. In some cases, directors include venture capitalists or angel investors who have invested in a technology business. In others, directors are selected from outside the IT industry, perhaps because of their connections or success in complementary businesses. A board of directors can be a big asset. After all, the board gives a business the opp
4 of 15
John Doerr, a partner in Kleiner Perkins Caufield & Byers, did not stand for re-election at Amazon's annual shareholders' meeting, but that does not mean the venture capitalist is slowing his board-membership activities. Doerr remains busy on a number of boards, although he appears to be moving some of his focus from technology toward alternative energy businesses.
Despite some failures, most notably Go, Doerr's Midas touch and ability to discern winning technologies, business plans, and executives makes him in-demand as a board member or adviser to both start-ups and well-established companies. His participation in a board imparts validity and establishes credibility. Doerr is a member of the board at Google, Intuit, Zazzle, Move, and Bloom Energy.
In February 2009, President Obama named Doerr, along with former Oracle CEO Charles Phillips, to the Economic Recovery Advisory Board. In addition to Amazon, Doerr served on Sun's board.
The Business of Going DigitalDigital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.
. We've got a management crisis right now, and we've also got an engagement crisis. Could the two be linked? Tune in for the next installment of IT Life Radio, Wednesday May 20th at 3PM ET to find out.