Tag: In This Issue – Private Company Governance Summit 2023
Good CEO/Board Communication Begins with Trust
But when communicating with executives, make sure to listen and provide value.Â
The Unboarding Process Requires Both Courage and Tact
It’s important to honor a director’s prior contributions even if circumstances necessitate removing them from your board.Â
For Private Companies, Cyber Breaches Are Inevitable
But informed directors, effective C-suite communications and intense preparation can help ward off attackers.Â
Defined Structures Create Better Boards
Veteran directors say companies with fiduciary boards and separate CEO and chairman roles have the best chance of success.Â
Ford Motor Company Takes the Long Road
Kimberly Casiano discusses the auto giant’s approach to quarterly profits, as well as her advice for private companies.Â
Alignment and Oversight Can Make for a Dynamic Board/CEO Relationship
Surveys show that directors and executives are generally aligned on the top issues affecting businesses.
Start Succession Planning Early — and Know Your Lane
CEO involvement in the succession process and future board roles can depend on the executive’s demeanor.Â
Supply Chain and Digital Savvy Are Emerging as Board Matrix Mainstays
Also, family companies must leverage the unsung skills of their younger generations.
Silence on Social Issues Is Heard by Your Stakeholders
Let your board and company values determine your guidance on responding to cultural hot buttons.
Private Company Boards Afford (and Demand) Quicker Decision-Making
Whether you’re considering the firing of a CEO or the replacement of a retiring director, make the decision swiftly and authoritatively.