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Vetting the Board (and CEOs) | Corporate Governance Expert David Beatty



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The main job of any board is hiring the CEO. I call it the board's 'sacred function'. And if the board gets it wrong on the hire, nobody is going to win. Even worse, someone is going to pay for it: shareholders, employees, suppliers, and the community.

Charisma is an amazing thing that shines through in simple interviews. Most CEO-level leaders have it — and some boards are easily fooled by it in their hiring practices. In a conversation with Evan Epstein, I shared one of my favourite stories about the importance of vetting CEOs beyond the metric of charisma and beyond simple character interviews.



About Corporate Governance Expert David Beatty
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Professor David R. Beatty C.M., O.B.E., F.ICD, CFA spent a decade managing one of North America’s largest food companies. Over his career he has served on 39 different boards of directors in Canada, America, Mexico, Australia and England and been chairman of 9 public companies.

He was the founding Managing Director of the Canadian Coalition for Good Governance (2003-2008), an organization that represents 50 institutional investors with ~C$3 trillion of assets under management.

David is a Professor at the University of Toronto’s Rotman School of Management where he teaches corporate strategy and corporate governance.

Looking for corporate governance guidance? Reach out to David today.

https://chairmanofboard.com/contact
https://www.linkedin.com/in/davidrbeatty
Category
Management
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