Ready to Board: Ascending New Heights Through CEO-Board Communication
McKinsey (Apr 16, 2024) "Ready to board: Ascending new heights through CEO-board communication" draws on McKinsey's board service line, CEO Excellence research and more than 40 targeted conversations with leaders since start-2024. The article argues the board is often a hidden growth partner whose value many CEOs under-realise through weak communication. Top recommendation: practise radical transparency, sharing good news fast and risks even faster — citing former Best Buy CEO Hubert Joly who insists bad news must travel as fast, probably faster, than good news. Useful playbook for SEA mid-market CEOs whose default is to spare the board "until the picture is clearer."
Sources
McKinsey & Company