Board members must feel that what’s best for investors is decided on the merits of actual ideas, not personal alliances to the CEO or other directors. Sometimes that’s more difficult than it might appear.
The best boards serve as advisers, mentors, watchdogs—and yes, critics—offering invaluable insights and effective oversight as the situation demands. Today’s disruptions make the job even more imperative. We asked veteran CEO, chairman and lead director Fred Hassan for tips on how boards can get better—and stay that way.
As management copes with daily fires, boards really need to keep their eye on the long-term, if they want to be of greatest help to management.
Two Harbors Investment director Stephen Kasnet shares thoughts on the importance of good, open communication on the board—particularly now.
Even though revenues increased in 2022, changes did not come fast enough, and shareholders lost confidence.
Doing their reading, monitoring hotlines and getting out in the field will help directors stay on top of culture.
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.
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