Verified Document

Active Board Member And CEO Interaction Essay

Related Topics:

Introduction

Negotiation, understanding of the other member’s view and role are important ingredients to embrace, if the relationship between the CEO and the board is to succeed (Murden, 2012). It must be noted that both the Chief Executive Officer and the board are charged with separate and distinct roles. Nevertheless, they must work in liaison so as to achieve the goals of the organization. Clarification of roles is important in ensuring that the CEO and the board work in tandem. The board is intended to govern, to oversee managerial trends and opportunism. The board is focused on ensuring that the CEO works in the best interest of the members (Murden, 2012. The CEO, must serve the board, among other stakeholders, effectively. The board is charged with choosing the CEO and helping them to choose their management team (Murden, 2012). The board is, ideally, the employer of the CEO. The CEO is charged with management and administration (Murden, 2012). The board sets the parameters for the CEO to use in executing policies and directions expected, and desirable to the board (Murden, 2012).

Relationship between active board member and CEO



The Role of the active member of the board

Advise the CEO. The substance of strategic decisions is explained and discussed by directors before they advise the CEO on the best way to transform such strategies into action (Russell Reynolds Associates, 2014).
The CEO is subjected to questions that may be probing and rather uncomfortable by the directors. The performance of the organization vis a vis the decisions made are always on the spotlight (Russell Reynolds Associates, 2014). Typically, directors demonstrate the ability to ask and query.
The act when needed to do so. The chairman gives the directors the green light to act whenever the future or present portfolio of an organization is under siege Russell Reynolds Associates, 2014). They act toughly and decisively when there is a crisis.

They are fully committed and engaged with the organization. Such a stance is always manifested in how they handle crisis and on matters that affect an organization’s performance (Russell Reynolds Associates, 2014).

Shared responsibilities



Commitment to act in the interest of an organization(Russell Reynolds Associates, 2014).

Build a closely knit but independent relationship. There is a common effort to build productive professional relationships that give space to the CEO to execute their duties without interference. Objectivity is a core value (Russell Reynolds Associates, 2014).

Set expectations: the parties set both personal expectations and expectations for each other. The Endeavour to keep their promises.

Roles and responsibilities are established (Russell Reynolds Associates, 2014).…

Cite this Document:
Copy Bibliography Citation

Related Documents

Strategic Analysis of Best Buy
Words: 4662 Length: 17 Document Type: Case Study

BEST BUY CO. INC. STRATEGIC ANALYSIS Strategic Analysis of Best Buy Current situation A- Current performance B- Strategic posture Corporate Governance A- Board of directors B- Top management External Environment: Opportunities and threats A- Natural physical environment B- Societal Environment C- Task Environment D- Summary of external environment Internal Environment: Strengths and Weakness A- Corporate Structure B- Corporate Culture C- Corporate resources D- Summary of internal environment Analysis of Strategic Factors (SWOT) A- Situational Analysis Strategic Alternatives and Recommended Strategy A- Strategic Alternatives Recommended Strategy Implementation Evaluations and control Part II Functional and Business strategies of

Corporate Universities"-Investigation of Their Development
Words: 16387 Length: 60 Document Type: Term Paper

In summary, we recommend that the IESBA reconsiders the proposals in the Exposure Draft and provides more guidance on safeguards applicable to sole practitioners and small accounting firms to ensure that the benefits of the changes outweigh the costs to SMEs. Under a principle-based approach, there should be safeguards and practical relief for all practitioners rather than rules-based outright prohibitions. The rewrite of this Independence component of the Code

Risk Minimization and Loss Prevention
Words: 16256 Length: 59 Document Type: Term Paper

Small Business' Need for a CPA One of the critical investments a small business can make to mitigate loss and risk is hiring a CPA and putting that CPA on the 'management team.' As Wells notes in his groundbreaking research, "Denise, a bookkeeper for a small trucking firm in Birmingham, Alabama, wishes she had never heard of Ralph Summerford, CPA. Because of his thoroughness, Denise is facing several years in prison

Leadership Development Program
Words: 633 Length: 2 Document Type: Article Review

David Mollish and Diane Landers, GAI Consultants, in their article entitled Establishing Staff Development as a High Priority Relies on Interaction, Tenacity and an Enthusiastic Executive-Level Champion, believe that the surest way to develop both the organization and future leaders is to identify and develop staff continually (2012). In many ways, this is common sensical -- one of the maxims of leadership has always been that it is imperative one

Promising Phenomenon That Lends Itself
Words: 26560 Length: 96 Document Type: Dissertation

66). Furthermore, social software will only increase in importance in helping organizations maintain and manage their domains of knowledge and information. When networks are enabled and flourish, their value to all users and to the organization increases as well. That increase in value is typically nonlinear, where some additions yield more than proportionate values to the organization (McCluskey and Korobow, 2009). Some of the key characteristics of social software applications

Cross Platform Mobile and Web
Words: 17284 Length: 63 Document Type: Thesis

82). Both desktop and Web widgets have the same basic components. Fundamentally, they use Web compatible formats, even if intended to run in a desktop environment. This means that the core of the widget is HTML and CSS code which contains the actual content of the widget, namely text, linked images/video or content pulled from a server of Web service. Alternatively, the widget content can be created using Flash, although

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now