Board & CEO Guidance
“Only three things happen naturally in organizations: friction, confusion, and underperformance. Everything else requires leadership”
— Peter Drucker
The “Board of One” Concept
The "Board of One" objective is to provide the skills and resources necessary to “augment” those that the company leader simply does not illustrate, in order to create a "Highly Skilled CEO Entrepreneur".
Founder & Shareholder Liquidity and Exit Options
Founders and Shareholders of emerging service businesses should never “treat their equity, that is increasing in value, as a commodity”. It is valuable and, for many of us, potentially the “most valuable asset” many of us will ever enjoy.
The “Executive Chairman” Concept
The goal of the “Executive Chairman” role is to work with and “mentor” the CEO and Leadership Team on the implementation of the near-term and long-term initiatives of the organization through the utilization of best practices in the areas of governance, shareholder management, business model development, business process development, leadership and executive management effectiveness.
Attributes of Successful Service Companies
Company Boards are ultimately responsible for maximizing shareholder value, not performing day-to-day activities or monitoring the day-to-day operations of the business (a common and critical mistake made by institutional investors).
This article serves as a set of guidelines for directors, including highlighting the most common mistakes made by board leadership that reduce a board’s effectiveness and hinder the company’s success.