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Rusty O'Kelley

๐Ÿ‘ค Speaker
65 total appearances

Appearances Over Time

Podcast Appearances

Redefiners
How New CEOs Build Productive Relationships With Their Board

And then talk with the board about what you see is the key metrics, what's the dashboard you're going to create, so that they can monitor progress and hold you accountable.

Redefiners
How New CEOs Build Productive Relationships With Their Board

So for a company where we recruited a new CEO from the outside, before even the official transition date, she started working with her board, interviewing them to understanding what they believed were priorities.

Redefiners
How New CEOs Build Productive Relationships With Their Board

It's in a very tumultuous time for this sector, for this industry.

Redefiners
How New CEOs Build Productive Relationships With Their Board

And she went on a listening tour with all their stakeholders.

Redefiners
How New CEOs Build Productive Relationships With Their Board

And she right now is probably three months in with her new role.

Redefiners
How New CEOs Build Productive Relationships With Their Board

And she is preparing for what will be her second board meeting of here's what I've heard and here are my priorities.

Redefiners
How New CEOs Build Productive Relationships With Their Board

And she's already started making decisions.

Redefiners
How New CEOs Build Productive Relationships With Their Board

So she hasn't held back.

Redefiners
How New CEOs Build Productive Relationships With Their Board

But she really went out of the gate very early, even before the official transition, of course, with the blessing of the outgoing CEO in the chair, to listen and then test back themes and come up with a set of actionable priorities because the company, the organization is in a tough spot right now.

Redefiners
How New CEOs Build Productive Relationships With Their Board

Several things come to mind.

Redefiners
How New CEOs Build Productive Relationships With Their Board

First is to have, of course, a dialogue and seek to understand why.

Redefiners
How New CEOs Build Productive Relationships With Their Board

What is motivating the disagreement?

Redefiners
How New CEOs Build Productive Relationships With Their Board

Is it a misunderstanding of facts?

Redefiners
How New CEOs Build Productive Relationships With Their Board

Is it a misunderstanding of priorities?

Redefiners
How New CEOs Build Productive Relationships With Their Board

So really try to ask the second and third order questions with the board members with whom you as CEO is not aligned.

Redefiners
How New CEOs Build Productive Relationships With Their Board

Sometimes it is just priorities and where people are focused.

Redefiners
How New CEOs Build Productive Relationships With Their Board

I'm actually currently dealing with a situation now where a CEO has a very specific point of view on where the board should evolve in terms of the board composition, given the strategy of the company and the skills that are needed and the speed and pace.

Redefiners
How New CEOs Build Productive Relationships With Their Board

And the nominating committee chair has a very different agenda, not necessarily in terms of skills, but in terms of speed and pace.

Redefiners
How New CEOs Build Productive Relationships With Their Board

And it has caused quite a lot of tension between the two.

Redefiners
How New CEOs Build Productive Relationships With Their Board

And what has happened is they've had to have private conversations and then conversations with the NAMCO to realign.