Dave Stackrow and I are pleased to tell you that our forthcoming book, Building a Solid Board-CEO Partnership: A Practical Guidebook for Transit Board Members, CEOs, and CEO-Aspirants, has gone to press. It should hit the streets in late March 2019. The following fifth and final excerpt from our book talks about the high cost a transit authority will pay for letting the partnership between its board and CEO remain weak or deteriorate.
The really board-savvy transit CEOs I’ve worked with over the years make sure that their board regularly evaluates their performance, employing a well-designed process that is both thoughtful and substantive. Why? Because these CEOs well know that board evaluation of their performance is one of the most powerful tools for building and maintaining a solid board-CEO working relationship that can withstand the inevitable stresses and strains at the top of every transit authority. So I’ll be spending several minutes discussing CEO evaluation during the “Hit the Ground Running With Your New Board” webinar I’ll be presenting later this month for … As part of my transit and nonprofit CEO coaching work over the past several years, I’ve developed six “hats” that – in my experience – really extraordinary chief executives wear. These roles have proved to be a very useful framework for taking chief executive leadership to the next level. I’ll be really interested in hearing from readers about their views on the work that extraordinary leaders do. Here are the six “hats:”
- Chief Board Governing Partner: taking the lead in helping the board build its governing capacity and building and maintaining a close, positive, and productive board-CEO partnership that
A 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 …
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