Effective collaboration between the CEO and the Board of Directors is critical to ensuring that an organization achieves its short-term operational objectives while also advancing its long-term strategic vision.
The CEO (Chief Executive Officer) is the highest-ranking executive responsible for managing the company’s operations and implementing its strategy. The Board of Directors, on the other hand, is responsible for setting the direction of the company, making high-level strategic decisions, and overseeing the CEO’s performance. While the Board provides guidance to the CEO and oversees their performance, the CEO is responsible for implementing the vision set by the Board. Strong communication and alignment between the CEO and the Board, together with a shared commitment to a common vision, are essential for the company to create sustainable value.
In this episode of Talks with Global Governance Leaders, moderated by Gizem Argüden Oskay, Board Member of the Argüden Governance Academy, we explore different dimensions of corporate governance with Françoise Bertrand, Chair of the Board of VIA Rail Canada. She shares her leadership journey in Canada, including her transition from CEO roles in various public and private companies to the Board of Directors.
In this conversation, Françoise Bertrand explains the key differences between management and Board roles, as well as the qualities required to succeed in these two distinct positions. While underlining the importance of collaboration between management and the Board for the company’s long-term success, she also highlights that bringing together diverse experiences and perspectives in both structures enables more inclusive and effective decision-making.
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