Beefing Up the Board/CEO Relationship
A successful relationship between CEOs and boards hinges on the clear definition of their respective purposes and responsibilities. If these are not aligned, it can lead to detrimental problems, both in terms of finances and internal dynamics.
In this article, Guy Beaudin, shares three core strategies that CEOs and boards can implement to strengthen their relationship. Firstly, they should strategically plan meetings that leverage the board’s expertise, thereby avoiding time wastage. Secondly, fostering feedback can help identify strengths and weaknesses, enabling boards to make meaningful improvements and promote accountability and continuous learning. Lastly, a thriving collaboration between the board and management should enhance organizational success, drive compelling changes, and provide guidance to the company.
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