“Ideally, business leaders ought to have three types of counselors. . .”

“Ideally, business leaders ought to have three types of counselors who are prepared to speak truth to their power.

First, they need a trusted advisor within the organization.

Second, they need the counsel of someone completely outside of the organization, preferably an old friend who is a peer.

Third, they need a genuinely independent board. If you actually listen to these three sources of information and act on the basis of what they say, then you cannot go too far wrong.

George W. Bush is an example of a leader who has lacked—or at least disregarded—this kind of frank feedback. Franklin D. Roosevelt sought it regularly and was a far more effective president.”

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“Ideally, business leaders ought to have three types of counselors. . .”

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