Effective collaboration between the CEO and the board is essential to a company’s strategic development. According to a Deloitte Global survey, three key factors help build a more productive and trusting relationship.
Key takeaways
- The board should constructively challenge the CEO, questioning assumptions and proposing alternative scenarios.
- Executives should actively involve the board in strategic planning, using its experience to help shape the company’s direction.
- Open dialogue and mutual respect form the basis for effective discussion of difficult issues and reaching consensus.
- A clear understanding of roles and responsibilities helps avoid conflict and maintain focus on shared goals.
What this means for CEOs
Improving board interaction through constructive dialogue, strategic involvement and mutual respect helps CEOs make better-informed decisions and support sustainable company development.