Published online by Cambridge University Press: 16 November 2022
In Chapter 6, I argue that the new generation of boards needs to go beyond monitoring senior managers to work harmoniously as a team capable of addressing the firm’s challenges. The process of turning individual board directors into a high-performance team is complex. This chapter explores how the collegial dimension of the board’s efforts can translate into effective teamwork and team development, concurrently strengthening the impact of the team as whole and contributions from individual members. Moreover, the very nature of boards of directors’ role – limited dedication, diverse backgrounds and sporadic meetings – requires boards to work collaboratively with the CEO and the top management team. The board of directors appoints the CEO and, depending on the firm’s statutes, confirms the key executive appointments the CEO wants to make. This decision should be founded on professionalism and trust. A constructive and highly professional relationship between the board of directors and the CEO is essential.
To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.