3.5 Splitting the Roles of Chairman and CEO | Early Stage Tech Boards

Who’s Responsible for Vision? Our hapless CEO is a good example of another recurring problem at high-tech companies: the question of who is responsible for the strategic vision. Is it the board of directors, the CEO, or the executive team? After six months on the job, Lou Gerstner, CEO of IBM in 1993, was pressured to give his vision for IBM. He wa

... See more

The DAO movement claims to be democratizing corporate governance: With a DAO, all investors can vote on the organization’s decisions. But there’s a reason entities of any size, from school districts to shoe companies, adopt a representative model instead of attempting pure democracy. Leadership, expertise, and accountability improve outcomes, vs. s... See more

A board chair leads the board’s effort to excel at advising on strategy, monitoring performance, overseeing finance and controls, and evaluating management. A CEO establishes within the company a shared set of values, practices, and goals that enables the company to execute its strategic plan and build a meaningful future. To grow, a company needs ... See more