Managing the relationship with the board of directors is crucial for a CEO because the board is a major stakeholder in the company. They have the power to hire and fire the CEO, approve budgets, and make other key decisions. A good relationship with the board can provide the CEO with valuable advice, support, and resources. Furthermore, spending time to manage this relationship can help the CEO understand the board's expectations and concerns, which can guide the CEO's decisions and strategies. It's also important for the CEO to communicate effectively with the board to keep them informed about the company's performance and challenges.
There are four behaviors associated with success as a CEO: making decisions with speed and convictio...
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