Unlocking the Potential of your Board
At Asking Leader, we often hear CEOs question the value of their Board. We hear, “It is a lot of work for not much outcome,” “My board only finds fault and doesn’t recognise the successes,” and “I don’t get any value from all that time and work.”
This challenge is not for the Board but for you as CEO. It is up to you to draw the wisdom from your Board.
We recommend that you challenge your Board with the big issues that are on your mind. We recommend you go to your Board with up to three big issues you have prepared for them to advise you on. Before the meeting, sit with the Chair and scope the three issues in a structured discussion to ensure positive contributions from your Directors.
As a CEO, steering the boardroom conversation can transform your Board into a valuable asset. Here’s a guide to structuring your conversation to get the most value from all the wisdom in the room:
Identify the Core Issue. Start with a clear problem statement. What is the critical issue at hand? Is it a strategic pivot, a financial challenge, or an operational bottleneck?
Assess the Impact. Evaluate how this problem affects your business. Consider the financial implications, employee morale, customer satisfaction, and overall company culture.
Propose Measurable Outcomes. Define success in tangible terms. If the issue is resolved, how will the improvements manifest? Ensure these align with the company’s strategic goals.
Present Potential Solutions. Come prepared with a few well-thought-out options. This shows foresight and readiness to tackle the issue head-on.
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Recommend a Course of Action. Share your preferred solution backed by data and rationale. This demonstrates leadership and helps guide the Board’s decision-making.
Engage in Constructive Dialogue. Encourage the Board to provide insights and alternative perspectives. Ask if you’re on the right track and explore different approaches they’ve seen work.
By initiating a structured discussion focused on solutions, you can foster a more productive and supportive environment with your Board. This approach can lead to valuable insights and innovative solutions.
Don’t let your Board be a burden—make it your greatest asset! Start the conversation today and unlock the potential for transformative insights and innovative solutions. Contact us here!
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Connect with us: Kim Wethmar Deanne Waldron Mike Logan AM FABC
Certified Advisory Board Chair | Strategy and Team Facilitation | Business Coach
1 个月Mike Logan AM FABC, Don't you find that setting the board to be constructive with their mindset is just so important? Too often I sit in boards where the members are so full of their own opinions and power- demanding- rather than engaging in thoughtful, constructive, problem solving dialogue