David Richardson’s Post

What distinguishes an effective CEO-board chair relationship? According to a Spencer Stuart survey of nearly 200 directors and 30 CEOs of S&P 500 companies, trust is the most critical factor. Learn about the key moments that can build trust between Chairs and CEOs from my colleagues George Anderson, Jim Citrin, Cassandra Frangos and Zachary Morfín in their new article featured in Harvard Business Review https://lnkd.in/eRCh6U7Z

What distinguishes an effective CEO-board chair relationship? According to a Spencer Stuart survey of nearly 200 directors and 30 CEOs of S&P 500 companies, trust is the most critical factor. Learn about the key moments that can build trust between Chairs and CEOs from my colleagues George Anderson, Jim Citrin, Cassandra Frangos and Zachary Morfín in their new article featured in Harvard Business Review https://lnkd.in/eXgqK3tu

What distinguishes an effective CEO-board chair relationship? According to a Spencer Stuart survey of nearly 200 directors and 30 CEOs of S&P 500 companies, trust is the most critical factor. Learn about the key moments that can build trust between Chairs and CEOs from my colleagues George Anderson, Jim Citrin, Cassandra Frangos and Zachary Morfín in their new article featured in Harvard Business Review https://lnkd.in/eBVkqi-5

What distinguishes an effective CEO-board chair relationship? According to a Spencer Stuart survey of nearly 200 directors and 30 CEOs of S&P 500 companies, trust is the most critical factor. Learn about the key moments that can build trust between Chairs and CEOs from my colleagues George Anderson, Jim Citrin, Cassandra Frangos and Zachary Morfín in their new article featured in Harvard Business Review https://lnkd.in/gF4mzEF7

What distinguishes an effective CEO-board chair relationship? According to a Spencer Stuart survey of nearly 200 directors and 30 CEOs of S&P 500 companies, trust is the most critical factor. Learn about the key moments that can build trust between Chairs and CEOs from my colleagues George Anderson, Jim Citrin, Cassandra Frangos and Zachary Morfín in their new article featured in Harvard Business Review https://lnkd.in/exGjnHzn

⏰💼🤝 5 Moments That Make or Break a CEO-Board Chair Relationship In the past decade, many U.S. boards have adopted the European practice of separating the chair and CEO roles. Nearly 60% of S&P 500 companies now do this, with 39% appointing an independent board chair. Shareholders often support this trend, believing it boosts board independence and oversight. However, separating these roles introduces a critical dynamic: the CEO-board chair relationship. A poor relationship can negatively impact board performance, while an overly friendly one can compromise the board's independence and objectivity. Striking the right balance is crucial. #ceoinsights 

What distinguishes an effective CEO-board chair relationship? According to a Spencer Stuart survey of nearly 200 directors and 30 CEOs of S&P 500 companies, trust is the most critical factor. Chairs and CEOs build trust over time by being vulnerable, open, and transparent about their expectations and challenges — particularly in five moments: 1) when negotiating CEO compensation; 2) during the annual CEO evaluation; 3) when giving feedback from executive sessions of the board; 4) when boards consider their own composition and succession; and 5) in moments of adversity.

Are you considering making the move to join a Board of Directors? "Stepping up to the board requires you to take a step back. The role is to scrutinize, encourage, and advise, not operate. You need to build successful working relationships with other directors, the company’s top executives and wider stakeholders, each of whom come with their own experience and opinions. In the boardroom, where the pressures are high and the egos numerous, success turns on the ability to clearly communicate with others and, perhaps more importantly, understand what people are trying to communicate to you." You can read more here: https://lnkd.in/gvSxcRuC

Strengthen Boardroom Dynamics in Uncertain Times Navigating today's unpredictable business landscape requires more than individual expertise—it demands cohesive board dynamics. Here are some points to be aware of on your board of directors: -Adapt to Change: Agility is key—stay informed on market shifts, tech advancements, and regulations to anticipate and respond swiftly. -Manage Uncertainty: Develop adaptable and resilient strategies, considering various scenarios and remaining ready to pivot in response to changing conditions. -Foster Innovation: Cultivate an environment open to innovation, actively seeking and embracing new concepts while taking calculated risks. -Improve Communication: In uncertain times, clear and concise communication is paramount. Establish open channels among board members and stakeholders. -Collaborative Decision Making: Embrace diverse perspectives and areas of expertise within the board for comprehensive and efficient decision-making. -Stakeholder Engagement: Prioritise understanding and managing stakeholder expectations. Consistent communication ensures alignment with the company's vision and strategy. -Risk Management: Identify and reduce risk significance through effective risk management strategies. -Continuous Learning: Stay ahead by committing to continuous learning. Attend training sessions, conferences, and engage with industry thought leaders. -Strengthen Resilience: Cultivate the ability to withstand shocks and stresses, whether economic, technological, or social, ensuring long-term organisational success. In the face of change and uncertainty, these strategies empower boardrooms to not just survive but thrive. #BoardroomExcellence #Leadership #BusinessResilience

Strengthen Boardroom Dynamics in Uncertain Times Navigating today's unpredictable business landscape requires more than individual expertise—it demands cohesive board dynamics. Here are some points to be aware of on your board of directors: -Adapt to Change: Agility is key—stay informed on market shifts, tech advancements, and regulations to anticipate and respond swiftly. -Manage Uncertainty: Develop adaptable and resilient strategies, considering various scenarios and remaining ready to pivot in response to changing conditions. -Foster Innovation: Cultivate an environment open to innovation, actively seeking and embracing new concepts while taking calculated risks. -Improve Communication: In uncertain times, clear and concise communication is paramount. Establish open channels among board members and stakeholders. -Collaborative Decision Making: Embrace diverse perspectives and areas of expertise within the board for comprehensive and efficient decision-making. -Stakeholder Engagement: Prioritise understanding and managing stakeholder expectations. Consistent communication ensures alignment with the company's vision and strategy. -Risk Management: Identify and reduce risk significance through effective risk management strategies. -Continuous Learning: Stay ahead by committing to continuous learning. Attend training sessions, conferences, and engage with industry thought leaders. -Strengthen Resilience: Cultivate the ability to withstand shocks and stresses, whether economic, technological, or social, ensuring long-term organisational success. In the face of change and uncertainty, these strategies empower boardrooms to not just survive but thrive. #BoardroomExcellence #Leadership #BusinessResilience