There is a big divided responsibility between the Board of Directors of a company and the management team, with the Chief Executive Officer being on the frontlines on behalf of the former and the shareholders if it is a public quoted company.
The Chairman along with the Board of Directors have an undeniable responsibility to pick the right CEO for the job and if they fail to do so it would be either stagnation with the company going nowhere or on the more dismal future with it closing down operations.
Hence it becomes imperative that the Chair along with the Board bring in the best CEO they could find and for that purpose an open and pragmatic approach is required with a comprehensive board evaluation Canada to ensure that they place the right man or woman at the top.
It would also be prudent to know that the Board would not be involved in the day to day affairs of the company but would probably meet once a week at the most to discuss where the company is heading and whether the corporate strategies planned are being executed by the CEO and if the company is in a situation of being onboard or overboard and drowning.
It would also be required to know that the CEO and his management team are on their jobs 24×7 all 365 days of the year and have a very bigger responsibility in operational affairs than the Chair and the Board.
It is they who would be at the helm of affairs trying to execute the decisions of the Board and ensure that productivity which is the most important aspect of any company’s survival is on a strong footing and all’s well and running without any major concerns to worry about.
A comprehensive board evaluation Canada would give a reasonably correct perspective as to where the company is heading which is the most important aspect that would have a happy tone in the Boardroom.
It would be the prerogative of the Chair and the Board to ensure that all management decisions made and planned in collaboration with the Board and Management team are implemented and if not what is the specific reason for it to be shelved or dropped which again cannot be an arbitrary decision of the CEO but a collective decision between the CEO, the Board and Chair.
Corporate giants need authentic evaluation if they are to progress especially in the very competitive market that they operate and towards that final goal it is inevitable that that a company specific board evaluation Canada is prepared to know on what sort of wicket that the company is playing their game of business strategies.
Hence it becomes imperative on the shareholders to get the best man or woman to be leading the company from the front at the top and in this context the job of the Chair becomes that much more important to the whole team that he is leading.