Leadership/Innovation

How Can Boards Help CEOs Improve Their Leadership

As a CEO, your board can be one of your greatest allies. They significantly contribute to your success. The relationship with board directors is easiest to manage, yet most valuable. Seeking advice from the board members will undoubtedly help you develop a skillset most successful CEOs excel at—leading change. In this article at Forbes, Elizabeth Freedman explains how board members can support their CEO’s success.

Ways Boards Can Help Its CEOs

Needs of the Organization

A conversation about the organization’s needs and how those needs mesh with the talents of different board members is one way to assure that the best solutions are in place. Furthermore, these meaningful conversations help maximize boards’ and CEOs’ contributions towards the organization’s requirements.

Constructive Feedback

Board members can be responsible for CEOs’ success by giving candid feedback on how they are performing. Management must implement a formal, annual, and data-driven process to provide the evaluation. Additionally, the process must solicit inputs from all board members. They are invaluable professional development resources for CEOs. Therefore, in addition to the formal process, they must provide informal feedback to CEOs, thus contributing to their development.

Practice Active Listening

Board members must practice active listening with the CEO and fellow board members. The group conversations help uncover the nuances and additional information essential for a critical decision-making process. Offering solutions after carefully listening to the organizational issues is the best way for board members to support the CEOs in determining the best course of action.

A Different Approach

“Major change and transformation initiatives are big-ticket programs with lots at stake, so no surprise that they are likely to receive extra scrutiny and attention from the board,” says Freedman. Board members must encourage CEOs with a strong plan to win employees’ hearts and minds and operationalize change.

These actions will undoubtedly go a long way in increasing the board members’ contribution to a CEO’s success. Additionally, this effective partnership between the board and CEOs will play a unique role in creating a better future for employees and companies. To read the original article, click on https://www.forbes.com/sites/elizabethfreedman/2021/02/20/3-pieces-of-advice-the-board-member-gave-his-ceo/?ss=ceo-network&sh=353927cc3978.

Nivedita Gopalakrishna

Nivedita Gopalakrishna is currently working as a Content Specialist with CAI. She has more than eight years of experience in blogging, copywriting, and ghost-writing. Nivedita started her career as a reporter/sub-editor in one of the reputed newspaper organizations in India. She went on to pursue her career as a content analyst in an Indian-based company, Brickwork India Pvt Ltd. Nivedita has assisted several overseas clients with SEO-friendly content for B2C copies, blogs, product descriptions, newsletters, sales letters, e-books, and research papers. When she is not at her computer, you can find her either reading vintage novels or singing Indian classical music.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
X

We use cookies on our website

We use cookies to give you the best user experience. Please confirm, if you accept our tracking cookies. You can also decline the tracking, so you can continue to visit our website without any data sent to third party services.