No board member sets out to be mediocre. And yet as institutional shareholders and activists are “grading” board performance on a steeper curve than ever before, their view is that many boards are coming up short.
There’s nothing like serving as a public company director for getting an inside view of corporate leadership. That’s why many governance experts think it’s an excellent way for C-suite executives to keep their management skills honed. Yet the number of sitting CEOs who sit on outside boards keeps shrinking.
As the oldest succession process in the world kicks off at the Vatican, the leadership of the Roman Catholic Church is facing some truly modern challenges—ones that many global companies also face as when searching for their next CEO.
“The Super Bowl shows what million-dollar players and coaches are truly made of when the stakes matter most,” says leadership coach Stephen Miles, founder and CEO of The Miles Group.
“The best CEOs I work with are always learning,” says Stephen Miles, founder and chief executive of The Miles Group. “The certainties of today – whether it’s relying on a particular business model or banking on a ‘category killer’ or operating under a particular regulatory framework – can be up-ended and disrupted tomorrow. Corporate chiefs who internalize this reality are best equipped to steer their companies through disruption.”
Recently, G100 Network and SSA & Company, in partnership with Spencer Stuart, hosted a group of Fortune 500 CEOs and talent experts from the energy industry in Houston for a discussion on attracting and developing talent.
We asked several prominent business leaders and management consultants to use a tweet to suggest one resolution you should make to enhance your life and your career in 2013. Here’s what they had to say in 140 characters or fewer:
The New Year promises to be a year of “stakeholder overload” for corporate leadership. The growing number of constituents weighing in on company operations—going far beyond activist investors and shareholders to include many more regulators, local governments, NGOs and a host of special interest groups—is placing greater demand on leaders and on the corporate brand itself.
In the spirit of the holidays, we wanted to share two of this year’s most inspiring business stories – which I was exposed to at my recent Deming Center board meeting. The Deming Center for Quality, Productivity, and Competitiveness at Columbia Business School is a consortium of leading institutions chartered to create operational excellence in major corporations worldwide. The stories below feature insights from recent talks given by two outstanding leaders.
It’s never been a more difficult time to be a CEO,” says Stephen Miles, founder and chief executive of The Miles Group, which advises top CEOs and boards globally. “With 2013 around the corner, corporate leaders are facing some of the most challenging times of their careers. Companies’ unprecedented exposure on the regulatory and reputational fronts requires that CEOs get in and manage a lot of this themselves, in addition to providing inspiring leadership in the face of so much uncertainty.”