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Archive for March, 2017

Vision: Your Board’s Driver of Innovation and Change

March 25, 2017 0 Comments

This article originally appeared at our Extraordinary CEO blog.  It is just as pertinent to public transit leaders.

A few months ago I sat in on a meeting of the board planning committee of a nonprofit economic development corporation.  We were running through an outline of the agenda for the corporation’s upcoming board-CEO-executive team daylong “strategic work session,” which would kick-off the corporation’s annual planning cycle.  Things were going really smoothly until we got to the description of the breakout group that was to fashion an updated vision statement for the corporation.  Three of the seven committee members immediately went … Read the rest

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Don’t Wait Until the 11th Hour To Do Succession Planning

March 7, 2017 0 Comments

         Doug Eadie

Many, perhaps most, transit board members and CEOs see succession planning as a negative process that boards get involved in when their relationship with their CEO is frayed or even totally broken.  But in my experience, developing a CEO succession plan isn’t just a very positive process, it’s also part of the imprint – the legacy – that that a really board-savvy transit CEO will want to leave in her authority.  CEO succession planning, which a recent report of the Federal Reserve Bank of Kansas City defines as “a structured process to ensure leadership continuity,” should deal with … Read the rest

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Two More Tips For Transit CEO-Aspirants

March 1, 2017 0 Comments

I opened the “Hit the Ground Running With Your New Board” webinar I recently presented for the New York Public Transportation Association by describing two “facts of life” in the public transportation business:  that surviving and thriving as a CEO depends on a rock-solid board-CEO partnership; and that this critical partnership is difficult to build and in the best of times fragile.  Indeed, I’d say that board-CEO relations is pretty treacherous terrain even for seasoned CEOs, much less for brand new CEOs who’ve never worked with a board.  One of the challenges that all CEOs face is the plethora of … Read the rest

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