In the perfect world, chairpersons, when elected, would have all the perquisite skills and knowledge needed to excel in this important role. Unfortunately, we don’t live in an ideal world.
There are many techniques that can be employed to ensure a strategic thinking board. Here are ten essentials:
Creating a successful task force requires a lot more than asking for volunteers. Critical thought needs to be given to identifying the right task force members and process design. Using task forces, in favor of standing committees, can add value, but the true value is experienced when you take a strategic approach to task force formation and process design.
Although the ultimate responsibility for board recruitment should fall on the shoulders of the board itself, CEOs can and must take a proactive leadership role to ensure an organization is recruiting the best possible people for its board. A CEO’s recruitment responsibilities range from ensuring that a vibrant and effective nomination / selection process is in effect to identifying potential candidate prospects to creating a governing environment that is attractive to great candidates.