The hottest topic of discussion at the recent IMD program on High Performance Boards (HPB) was "how to manage the relationship between the Board and the CEO more effectively." An IMD on-line survey of board members reinforced the importance of this challenge. It rated the CEO and management as having the biggest influence on the Board’s decision-making freedom.
This recent topic was the topic of conversation at a recent workshop at IMD which is a leading global business school.
Some of their advice;
- Avoid concentration of power at the top
- Balance diversity with expertise
- Expose top management to the Board of Directors
- Increase the transparency of the compensation system
- Put tensions on the table earlier rather than later
This is a great quick read which gives valuable advice on how creating a synergistic relationship here will bring about a win-win situation for everyone – company and shareholders.
Enjoy the article…
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