No Bullsh!t Leadership Managing the Board: Healthy relationships and clear accountabilities
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Sep 10, 2019 Discover the art of managing board relationships and the intricacies of governance structures. Explore the differences between executive and non-executive directors, and learn why transparency is crucial for effective communication. Gain insight into seven key principles to enhance CEO-board dynamics, including the importance of trust, empathy, and accountability. Delve into the challenges of board control and how to navigate pushback while fostering collaboration. This conversation is packed with practical tips for anyone working with a board!
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Board's Primary Role Is Oversight
- Boards exist to supervise management, delegating day-to-day running to executives.
- Their core focus is oversight: risk, strategy and corporate governance.
Structure Shapes Board Proximity
- Board structures vary: two-board models separate supervision and management, single-board models combine them.
- Different jurisdictions shape proximity and oversight effectiveness.
Clarify Director Roles Early
- Clarify director types: executive directors participate in management; non-executives do not.
- Use this clarity to set expectations about involvement and voting rights.