How do community foundation boards manage their relationships with their CEOs?
Some boards find it best to assign a standing committee tasked with maintaining a healthy relationship between the board and CEO. Many larger community foundation boards have found that the executive or governance committee is the natural place to assign accountability for the board–CEO partnership. As part of its charge, this committee might establish an agreement with the CEO on his/her executive leadership targets, monitor the CEO by having an ongoing dialogue on the health of the partnership, and most importantly, regularly evaluate the CEO’s performance. Source: Excerpts from “A Precious but Fragile Bond,” by Doug Eadie, Foundation News & Commentary, January/February 2004.
Related Questions
- If TEn is merely a supplier of outsourced broking services, why then must it manage all of the agency relationships with insurers?
- Can I independently manage a school and still get technical support from Tameer-e-Millat Foundation for quality control?
- How does technology help a law firm manage its relationships with in-house counsel?
