A board chair leads the board’s effort to excel at advising on strategy, monitoring performance, overseeing finance and controls, and evaluating management. A CEO establishes within the company a shared set of values, practices, and goals that enables the company to execute its strategic plan and build a meaningful future. To grow, a company needs... See more

I don’t want a term sheet—especially if you’re not asking any questions. That means if they’re on our board that they’re actually not going to be all that constructive in terms of really asking the tough questions. That is the role of the board. It’s to look outside and bring all their insight and wisdom to us and help guide the company.”

With... See more

Notionally the role the CEO is to run the company the role of the Chairman is to manage the CEO and the board. However, in practice the relationship between the Chairman and CEO is so much more than that. The ideal Chairman is a mentor, coach, and critical friend. The ideal CEO is open, coachable, and responsive. The quality of their relationship... See more