Originally published at VLex.com
THERE IS SCARCENESS Of ‘ready now’ CEOs to fill the numerous opportunities that exist in many industries (certainly in my industry of healthcare technology and services). As a result, there are many first-time CEOs who lack real board experience. Many are coming from senior executive positions where they may have occasionally participated in board meetings. But many have never been a CEO, sat on the board, or been responsible for the many aspects of managing their directors.
CEOs must manage their directors. This may strike some as a strange statement. And, it many offend some directors who would ask, “Why do we need to be managed?” Let me offer a few examples.