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 oards play
two unique roles in their responsibilities as overseers of the firm,
whether it is public, private, or family owned. One important role
they play is targeted toward conformance. Their role in this domain
is to ensure conformance to policies and plans that guide the firm's
decisions and actions. The emphasis here is on supervision and
accountability to ensure the firm is conforming to predetermined
policies and plans. The other important role the board plays is
targeted toward performance. This role emphasizes strategy
formulation and policy making. It is the board's responsibility to
ensure that management is setting the right direction and striving
for above-average performance. The challenge is to build an
effective board with the appropriate set of talents and to create a
board-level culture in which both roles of conformance and
performance are balanced. MSD offers board-level services to help
firms achieve balance and effectiveness.
CEO Assessment and Coaching
 his
service is very popular for fairly new CEOs who have held the
position of CEO for a relatively short period of time (less than
three years). The assessment is a comprehensive analysis of the
CEO on key attributes that relate to successful CEO performance.
We use a database developed through our research in studying and
comparing attributes that distinguish high-performing CEOs from
their less effective counterparts.
CEO Performance Evaluation
 e assist
the board in planning and implementing a formalized CEO performance
review process. In working with the chairperson, CEO, and directors,
we custom design a performance evaluation process that meets the
unique needs and circumstances of the client company. The process
is designed to establish a commitment to involve direct
participation of each board member and is conducted annually using predetermined and agreed-upon performance criteria.
CEO Succession Planning
e assist
directors in planning for CEO succession. The identification and
selection of potential CEO successors cannot be left to chance,
corporate politics, or personal friendships. It should be the
result of a thorough and just process orchestrated by the
corporation's board of directors in partnership with the incumbent
CEO. We help the board by identifying the direction of the firm,
understanding the implications of the firms strategy for its
leadership requirements, and assessing competencies that members of
the top management team need to succeed with its strategy. By
assessing key executives, recommendations are made for recruitment
or development.
Board Performance Review
 growing
trend among boards of directors is the installation of a formalized
board performance review. We can assist boards in establishing a
board self-evaluation process that is designed to measure the
overall effectiveness of the board and individual direction. The
process is designed to establish a commitment to improving the
development, performance, and effective functioning of the board.
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