The relationship between the Chief Executive Officer and the Board of Directors is crucial, and the state of this relationship has potentially the greatest influence on organisational success.
The primary role of the Board is to govern, to control managerial opportunism and to ensure that CEOs carry out their managerial functions and duties in the best interests of Members. The Board is one of a series of stakeholders, which the CEO must serve effectively. An important function of the Board is to choose the CEO.
Collectively, the Board remains the CEO's employer, and the role of the CEO is one primarily of management and administration. The CEO is responsible, within parameters established by the Board, for determining and overseeing the execution of the Board’s directions and policies to ensure desirable outcomes.
For the relationship between the CEO and the Board to be successful, the CEO has the responsibility to ensure that the Directors are properly informed always and that sufficient information is provided to the Board to enable the Directors to form appropriate judgments.
The CEO needs to ensure the integrity of all public disclosure by the enterprise and in concert with the Chairman, to develop Board agendas. It is in the CEO's capacity to request that special meetings of the Board be called when appropriate.
Together with the Chairman, the CEO will determine the date, time and location of the annual meeting of shareholders and to develop the agenda for this meeting.
They may from time to time be asked to sit on committees of the Board where appropriate as determined by the Board.
For this relationship to work well, it must be one of negotiation, consideration and understanding of the role and perspective of the other. There must also be a recognition that the CEO and the Board play separate and distinguishable roles, but must work together to achieve organisational goals.
The CEO Institute was founded in 1992. It is now Australia's leading membership organisation for CEOs and senior executives. It provides a forum for over 1,000 Chief Executive members to connect and share their learning with each other. In 2011, The CEO Institute became the world’s first global certification body for CEOs, and in 2013, partnered with UNESCO in support of the "Malala Fund for Girls' Right to Education". In 2014, they began offering their programs globally.
The CEO Syndicate is an exclusive peer support network for CEOs. The first meeting of The CEO Syndicate program was held in Melbourne in June 1992. Offices were opened in Adelaide in 1996 and Sydney and Brisbane in 1997, with Perth launching in 2007. In 2015, the New Zealand office opened.
The Future CEO program is a certification course designed by the business leaders of today for the business leaders of tomorrow. The first Future CEO meeting was held in Melbourne in May 2012. In 2014, the "Future CEO Scholarship Fund for Women" was established, and continues to be offered today.
Membership of The CEO Institute is by invitation only. To register your interest, click enquire.