The Most Critical Relationship in Any Organization: CEO and Board Chair
Update: 2024-11-18
Description
David King, the former CEO and Chair of LabCorp who now runs the Kingman strategic consulting services, analyzes the purpose and pitfalls of the CEO and Chair dynamic. Comparing the function of a Board Chair to that of a basketball backboard, King says Chairs should allow CEOs to bounce ideas off them. They may reframe or restate ideas, but recalling and dictating solutions is a no-no. The health industry legend advises CEOs to be decisive and be transparent at all times, stressing a lack of transparency is the number one threat to the relationship. Meanwhile, the Chair needs to be transparent, too, providing the CEO with their perspective on key corporate issues. Ideally, there should be no surprises on either side.
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