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difficult discussions. I learned a lot from watching the way he listened to us. He often had a view, but he would take on board the directors’ comments. Sometimes, notwithstanding his own reservations, we took a decision which he was not entirely comfortable with. I think that the interaction on the board was better because of that. Useem: Mercy, let me come back to you on this issue. In learning to lead, we learn from great leaders. But sometimes we learn more from people who are not great leaders. Having worked with such a boss, we swear that whatever the person did we are going to do the opposite. That is a way of saying life is always a classroom. Have you learned something about leading a boardroom from a negative example? Mercy: I was CEO of a company with two dominant shareholders of equal weight. Both were public listed corporations. They were represented on the board by their most senior executives. Those first few meetings were probably the most difficult situations I ever had to navigate. There were

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