How CEOs Can Work with an Active Board
by Ken Banta and Stephen D. Garrow
AT COMPANIES OF ALMOST ALL SIZES, across all sectors, boards are undergoing a profound transformation. Largely as a result of intensifying shareholder intolerance of mediocre or poor corporate performance, the ceremonial boards of the past are being replaced by active boards that are more demanding of executives and more intrusive in their affairs.
This change can be daunting and frustrating for CEOs. However, based on our experience of advising CEOs, operating as CEOs, and sitting on boards, we have found that executives can be effective in the new environment by revamping their interactions with their boards. Doing so consists of four approaches.
Work with board members ...
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