Importance of Good Governance for CEOs
Chief Executive Officers (CEOs) and Boards enjoy a unique relationship, one that is built on key elements such as trust, professional integrity and honesty. The very survival of a CEO often comes down to their relationship with the Board.
In this case study I will be emphasising five governance issues, governance learnings and possible governance tools and resources available to assist Boards and CEOs.
In September 2008 the Board of an aged care organisation in far North Queensland, employing over 200 staff and one of the major employers in the town, determined that the relationship with the then CEO had deteriorated to the point where in their view termination was the only option.