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The 360 Degree CEO by Lorraine A. Moore

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CHAPTER 5

The CEO and Board Relationship

Whether in a private or public company, the CEO’s relationship with the board can be one of the most important relationships and has the potential to be precarious or career enhancing and rewarding. The role of the board is to set the strategy for the company. The role of the CEO and his or her management team is to execute on that strategy. When boards operate effectively, they provide governance and oversight and do not dictate how management should run the company. Boards of large, publicly run companies are typically high functioning. The directors have a wealth of executive experience, typically with considerable director experience and formal board education.

In small, private, or family-run enterprises, ...

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