Top-performing boards of directors are built on a foundation of integrity and trust. I had the honor of serving on the Nokia board as the 150 year old company was preparing for the remarkable revival of the past years. This is what I learned.
The board of directors of a company has three main responsibilities. 1) The board appoints the CEO. 2) They continually assess the CEO. 3) The board ensures proper governance. How do these reflect on the CEO?
As CEO only you report to the board of directors but involving your management team in the board meetings has several benefits.
Keep your Board of Directors fully informed and they come into meetings well prepared, aware of the challenges and ready to dive into the core topics.