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Archive for February, 2022

Making the Annual Budget Preparation Process an Innovation Engine

February 8, 2022 0 Comments

I’ve never come across a CEO who wasn’t pretty much an expert in the art of annual budget preparation by the time she first takes the helm of an authority. This isn’t the least surprising when you think about it.  Climbing the professional ladder, CEO-aspirants have typically devoted hundreds of hours to preparing, reviewing, revising, and – eventually, at a senior executive level – consolidating budget requests by the time they reach the top.  These newly minted chief executive officers understand how to capitalize on the budget preparation process as a highly effective and reliable vehicle for exerting management control. … Read the rest

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The Compelling Case for a Strong Board External/Stakeholder Relations Committee

February 1, 2022 0 Comments

“Incredible.  We must be talking about 40 or more stakeholders.”  This was one of the responses to the question I asked in the daylong governance work session I was facilitating, after the  breakout group dealing with stakeholder relations had completed its report in plenary session.  The group had made a list of critical stakeholders  – defined as external organizations with which it made sense for the transit authority to maintain a relationship because something important was at stake – and then identified strengths and weaknesses in each of what appeared to be the ten highest-stakes relationships.  The question I had … Read the rest

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