Subscribe via RSS Feed
Subscribe to receive regular blog updates

Tag: board-savvy CEOs

Board Spear Carriers:  Protecting the CEO’s Line of Credit

September 28, 2020 0 Comments

Over the course of my 30-plus years of work with public transit boards and their CEOs, I’ve learned that executives aspiring to take the helm of a transit authority are often woefully ill-prepared to build the kind of partnership with their new board that is critical to their success and to their longevity at the top.  Dave Stackrow and I, in our new book Building a Solid Board-CEO Partnership (Governance Edge 2019), discuss two major reasons for this often-professionally fatal shortcoming:  the absence of detailed, practical, experience-based courses on governance generally and board-CEO relationship building particularly in graduate schools of … Read the rest

Continue Reading »

How To Make Financial Reporting a High-Powered Relationship Building and PR Tool

March 29, 2018 0 Comments

Let me tell you a tale of two authorities’ very different approaches to presenting financial performance reports at their monthly board meetings.  Authority A takes a pretty traditional approach.  The authority’s CFO thoroughly reviews the multi-page financial report, consisting of rows and columns of numbers, with the board’s finance committee, which passes the report along to the full board in the monthly board meeting packet.  The CFO presents highlights from the report at the full board meeting and answers any questions the board might have.

Authority B’s approach is dramatically different.  The CFO takes the board’s performance monitoring committee through … Read the rest

Continue Reading »

How Ironic – and Dangerous!

January 27, 2016 0 Comments

“How many of you have had a really comprehensive, in-depth course in working with a governing board – in graduate school or some other venue?” This is a question I always ask when I’m presenting a program on building strong board-CEO partnerships. When I asked it at the workshop I was conducting a couple of years ago for CEO-aspirants at APTA’s Transit CEOs Seminar in New Orleans, no more than two or three hands went up. I wish I could say this was the exception to the rule, but, alas, the response was typical.

As I think back over dozens … Read the rest

Continue Reading »