I cannot stress the importance of creating enough trust and transparency in your board to avoid getting caught up in this downward spiral. If you truly trust each other, honest feedback will become the norm. And you need honesty to improve as a professional and as chairman. It’s difficult, but it’s crucial.”
The CEO is the centerpiece that connects the lower, mid and top tier of a business. It falls onto them to execute strategies and operations from a down-up and top-down perspective, comprising everything from boardwork to sales. Hence, chief executive officers are currently in the midst of having to deal with this “indirect stress” coming from the board, management and employees – as well as their own.