Central to your board’s health is a clear mutual understanding of the role of the board and each director. A coach can come in to perform assessments and engage in conversations with each individual director to enhance self-awareness and sensitivity and respect the different styles of each board member.
It’s imperative that the board and CEO are pulling in the same direction. When you partner with a coach, they can help make sure your CEO is clear on the strategy, mission, goals and priorities that your board has set in place.
45% of directors think someone on their board should be replaced. How can you get out ahead of this and work with a director to get them up-to-speed? A coach can bring an outside perspective and work with a director to enhance their performance.
When done properly, succession planning can allow your board to think more broadly, revealing opportunities to accelerate priorities, seize a moment for competitive advantage or make a wholesale shift. A coach can help reveal these rare opportunities.
There are a lot of variables when it comes to onboarding your new CEO. Outside hire or internal promotion? Is the outgoing CEO staying on for the transition? Is this hire a strategic shift? A coach can come in to help you design an onboarding program that makes sense for the unique moment your company is going through.
With so many heavily experienced, former executives coming together from diverse backgrounds, it’s natural that tensions may rise, but it’s also critical that your board is able to overcome these issues efficiently and effectively. A coach can mediate these disagreements and help your board find common ground in its mission to advance the company.
As a new public company board member, building a foundational understanding of the unique oversight responsibilities and challenges U.S. public company boards face is critical in order to develop immediate trust with fellow board members—and all its stakeholders. A coach can help with the onboarding process and ensure your new director is able to add value in the boardroom from day one.
Debra’s career has led her through executive positions ranging from marketing and operations to president and CEO. She currently serves on the board for public and private companies, sitting on governance, innovation, audit, and compensation committees. Her experience provides a global perspective of building and managing profitable international businesses.
Bart served as CEO for nearly 30 years. During his tenure, where he led the company’s IPO, he oversaw the company’s strategic direction, global expansion, and technological innovation while strengthening financial oversight, executing sound governance and launching the companies DEI and ESG initiatives.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.