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Archive for December, 2016

Surviving and Thriving With Your First Board: 3 Tips for CEO-Aspirants

December 16, 2016 0 Comments

I’ve lost count of the horror stories CEOs have told me in our one-on-one coaching sessions – about working with their first board after reaching the top spot.  To call working with the board during that first year an ordeal by fire would be an understatement for many, if not most, transportation CEOs.   This is really unfortunate since the board is without question the CEO’s preeminent stakeholder:  who holds the purse strings; whose backing for CEO initiatives is essential; whose opposition can seriously diminish the CEO’s credibility; and who, ultimately, can end the CEO’s tenure.

Why do transit executives all … Read the rest

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Don’t Fall Into the Policy Governance Trap

December 1, 2016 0 Comments

jumping spiderA year or so ago, I got a call from a transit CEO desperate for help.  The year before, he explained, his board had adopted a “policy governance manual,” spelling out the roles and responsibilities of the board and CEO and making clear the limits on both board and executive authority.  For example, the manual specified that the CEO could sign consulting services contracts up to a maximum of $25,000, above which board approval was required, that the CEO was responsible for preparing the annual operating plan and budget, while the board was responsible for reviewing and adopting the plan … Read the rest

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