When the CEO sees the Chairman’s role as an imposition …
In a series of mini reports, Directorbank explores the role of the PE Chairman – the draw, the required skill set, the opportunities and the challenges, particularly concerning the relationship with the CEO, the wider management team and the backers.
This report specifically explores the Chair/CEO relationship and encompass feedback from a survey of 240 experienced PE Chairmen from Directorbank’s network.
Advice given by the surveyed Chairmen was:
- Understand the concerns
- Remove the threat
- Prove your worth – provide specialist knowledge; be a good mentor and sounding board; effectively manage the Board and its processes
- If all else fails, consider more extreme action
Read Part 8 here.