The CEO position can be a lonely place, especially when the CEO finds himself in a position of not being able to bring an issue directly to the board and not wanting to explore solutions with associates within the company.\u00a0 This sometimes happens when a CEO is unwilling to admit a weakness in an area that is critical, such as analysis of financial statements, or when a CEO is unhappy with the actions of his board or with pay offers by the board\u2019s compensation committee that cannot be resolved amicably.\u00a0 Having an experienced coach, usually acting informally and not for any kind of pay, is a safety valve for a CEO that cannot be understated when in times of great stress.<\/p>\n
Sometimes that coach is a member of the board willing to listen and make suggestions off the record.\u00a0 And often that is good enough.\u00a0 In my experience, there are times when a CEO needs a completely neutral third party or a roundtable of fellow CEO\u2019s to help guide him through a difficult maze.<\/p>\n
Develop relationships with fellow CEO\u2019s in non-competing businesses for a start. Perhaps even formalize the relationship with regular lunch meetings or meetings in groups of CEO\u2019s to discuss personal issues without fear of the discussion leaking outside closed doors.<\/p>\n","protected":false},"excerpt":{"rendered":"
The CEO position can be a lonely place, especially when the CEO finds himself in a position of not being able to bring an issue directly to the board and not wanting to explore solutions with associates within the company.\u00a0 … Continue reading