The document discusses selecting a new board and provides guidance on important roles, responsibilities, and types of members to include. It recommends considering five types of people for the board: a company veteran, spiritual advisor, reality checker, industry insider, and fun seeker. These individuals bring different strengths and perspectives. The document also outlines key components to include in a board job description, such as attending meetings, understanding policies and planning, and overseeing budgets. The overall roles of the board are to act as fiduciaries, establish goals, set policies, and oversee finances and management of the organization.