The board's role in hiring and firing the CEO
One of the board’s most important and yet complex set of decisions relate to the recruitment, performance management, and cessation of the CEO - the individual to whom they delegate a substantial part of their responsibilities and accountabilities.
Stepping through each of these stages, we will set out key aspects, issues and processes involved which will help you to achieve improved outcomes. Covering:
- Finding and selecting the right candidate
- Contracting considerations
- Remuneration structure and incentives (if applicable)
- Assessment of performance
- The decision to terminate employment
- The separation process
- Interim arrangements
Practical tips and guidance in avoiding issues will also be presented, which will help you lead and manage such a critical relationship effectively.
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DPD Units = 5
Peter Abery FAICD