Building Trust in the Boardroom the role of the CEO

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Presentation transcript:

Building Trust in the Boardroom the role of the CEO YH CEO Forum 18 May 2017

Leading boards drive both conformance and performance Ensure compliance with law Ensure compliance with governing documents Maintain proper oversight of performance & finances Establish & monitor policies Ensure accountability Manage risk Set & maintain mission, vision & values Develop strategy & ensure resources Respect the role of staff/volunteers Maintain effective board performance Promote the organisation Select & support the CEO

What is ‘board effectiveness’? The right people in the boardroom Doing the right thing Having the right conversations Asking the right questions Making the right decisions

Board development Recruit Skills audit Review Develop Induct …….in a continuous circle….

Building trust What are the ways of behaving that have built out trusting relationships? What can the CEO do to support trust building in the boardroom? - Processes - Behaviours - Relationships

What stops this from happening? What can we do differently to make it happen?

Create short term wins Refresh values Update roles and JDs Focus – appropriate and timed agenda Recognise and value difference and contributions Celebrate success

The CEO role in this….. Encourage & support board development Provide the board with useful learning materials through the Chair Keep the board fully informed about performance issues and risks Ensure relationships are healthy Learn, learn, learn Bring in external support early when its needed

Effective boards have…….. Good team working High quality board meetings The right skills, knowledge, experience A focus on strategy rather than operations Openness and trust A diverse group of people & succession plans

Open communication leading to trusting relationships Open communication demonstrating mutual respect Constructive tone of independent, supportive challenge Forward looking, courageous, willing to take risks Willingness to give each-other feedback = honesty and trust

“In every job that must be done there is an element of fun – You find the fun, and SNAP the job is gone”