Large organisations are governed by their board of directors. Here are ten questions the board should ask their CEO at least once a year.
One of the chief executive’s key roles is to carry out a company’s strategic plan in the most effective and efficient way possible.
Under the authority of the board, he or she is also responsible for the general performance of the company, along with the day-to-day running and management of the business.
The board can appoint a chief executive from among its members and delegate to this person the power exercisable by the board.
The board can also name a chief executive who is not a member of the board.
The chief executive is responsible for answering any questions posed by the board.
David W Duffy in his book “A Practical Guide To Corporate Governance” has outlined ten questions the chief executive is likely to be asked by the board.