Excellent CEOs form a small group of trusted colleagues to provide discreet, unfiltered advice—including the kind that hasn’t been asked for but is important to hear. They also stay in touch with how the work really gets done in the organization by getting out of boardrooms, conference centers, and corporate jets to spend time with rank-and-file employees. This is not only grounding for the CEO, but also motivating for all involved.
Authors: Carolyn Dewar, Martin Hirt, Scott Keller
Source: McKinsey Quarterly
Subject: Corporate Governance