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In the US the biggest impact a board can have is the hiring and firing of the CEO. (And the threat of that) They give the CEO guidance, and check performance,
by mathattack 6y ago
In the US the biggest impact a board can have is the hiring and firing of the CEO. (And the threat of that) They give the CEO guidance, and check performance, but as a group they work through the CEO.
The CEO has to aggregate the needs of both the board and their directs (and customers and suppliers) into a coherent whole. Not an easy job as if everyone gets 100% of what they want the organization can’t function. (In a sense it’s like product management at the company level)