Serving on the board of an at-risk company is both challenging and time-consuming. However, hard times can also be a great teacher. In this episode, Laura Lee, former board member with American Apparel, shares her board experience during a time of company turmoil. Joining the board of American Apparel in 2014, Lee navigated everything from bankruptcy to strained labor relations.
In this episode, Lee extracts several pieces of advice for fellow board members:
- What lessons did she take away from her experience?
- Should investors punish directors who have served at troubled companies?