Boardroom INSIDER for…JANUARY
REPLACE YOUR OUSTED CEO WITH A BOARD MEMBER? MAYBE…
It’s a popular confidence-builder for troubled corporations. After sacking the chief executive, promote a member of the board of directors to take over as new CEO, at least temporarily. The January issue of online monthly Boardroom INSIDER notes that this tactic was tried in December by beleaguered jetmaker Boeing, which ousted CEO/chair Dennis Muilenburg for director and former GE exec David Calhoun.
Yet despite the long history of board leaders understudying failed CEOs, BI publisher and governance speaker Ralph Ward notes that long-term corporate payoffs have been mixed. Boards (and remaining top execs who want to keep their jobs) may assure themselves that the move suggests continuity and assurance to markets. But “whatever governance and policy failures the CEO is taking the fall for are also owned by the board itself.”
Other articles in the January issue include:
- How do we bridge the board/tech communications gap?
- Try an annual “job review” for every board member.
- Q&A: Overcoming the “usual suspects” syndrome to boost board diversity.
Ralph Ward’s latest book, Board Seeker: Your Guidebook and Career Map into the Corporate Boardroom (Business Expert Press) gathers 20 years’ experience in board counseling and research to give “board wannabes” the steps and insights needed to craft a successful board search campaign.
NOW ON AUDIOBOOK.
— Here’s why you have more “board experience” than you think (and why your current resume hides it).
— How women can jump the career obstacles they face into the boardroom.
— Finding your board search mentors and networks.
— How board searches really work (and how to turn flaws in the process to your advantage).
— Gaining the attention of board contacts and search firms.
— Prepping for a board interview… and for your first board meeting.