By Barb Kachelski, CAE
One of the most important jobs directors have is selecting a CEO. Unfortunately, after a board's careful and diligent effort to hire a new CEO, directors have to wait to see how that new executive performs.
In the interim, don't just cross your fingers, John M. Oesch suggested to this year's DLI: Governance participants. Instead, try these strategies for fostering the success of your new top manager.
- Create and communicate expectations.
- Provide guidance.
- Observe/monitor the CEO's performance.
- Provide feedback.
- Introduce the new CEO to key people .
"We want this person to succeed," Oesch said of boards, "but there will be a delay before we know if they will."
Barb Kachelski, CAE, is CUES' SVP/chief operating officer.
Learn more about DLI: Governance.
Read a post about Oesch's presentation about decision-making at the 2010 DLI: Governance.
