CEO evaluation is mission-critical
Boards of directors often agree to spend tremendous resources to find the perfect CEO — and then fail to evaluate their chief executive’s performance. The neglect can be costly. Think strained working relationships, continually poor job performance and executive turnover. In the last decade, the average term of a CEO has shortened from almost 10 years to a little more than seven years, and about one-third of those exits are because of dismissal, according to a report about CEO...
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