Boards & Chairman’s Influence

Recently in the ABC saga with the Chairman & CEO has turned into a bun fight on who was right or wrong.

Did the Chairman have the full support of the board & were there outside influences?

The Chairman & boards of organisations should not be appointed by Government in charge & if they are they actually truly need to be appointed independently. The board needs to follow the board charter and constitution & if they don’t they should be removed. Directors need to understand their fiduciary duties & not be influenced.

I have seen it where the Chairman is a strong character & is able to exude influence over fellow board members to get a vote across.

Board members should not be yes people & should be entitled to an opinion & should not be swayed by the Chairman.

A great Chairman must:

• Look forward & does not dwell on the past
• Not micromanage
• Be Ethical
• Not act independently
• Think strategically & drives the vision
• Is transparent & manages relationships
• Drives day to day operational decisions through the CEO

A great Chairman puts their own self-interest last as well as any conflict of interest & focuses on the stakeholders to ensure great customer service.

Find out how can Adam  can assist your board and organisation today and get on track