About this episode

The episode discusses why great companies often decline after going public and how CFOs can implement governance strategies to maintain long-term value.

https://open.spotify.com/episode/3cW4LImOlr2eDc6opOmyPp Going public is often seen as the ultimate milestone for a successful business, yet for many great companies it marks the beginning of decline rather than a new chapter of sustainable growth. In this episode of The Grow CFO Show, host Kevin Appleby sits down with Eric Ries , author of The Lean Startup , to explore why so many mission-driven, high-performing companies lose their way after an IPO – and what CFOs and boards can do differently to prevent this fate. The conversation frames governance not as a legal box-ticking exercise, but as a strategic discipline that protects long‑term value, mission, and trust. Through vivid case studies – from Saul Price and the origins of Costco, to Novo Nordisk and its foundation structure, to Johnson & Johnson’s Credo – Eric shows how governance choices can either entrench short‑term shareholder primacy or build what he calls a “governance fortress” that shields companies from destructive external pressures. He argues that CFOs are uniquely placed to champion this new governance, redefine profit around human flourishing, and ensure the organization can’t make money…

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