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Stock impact report

How New CEOs Can Start Off On The Right Foot With Their Board [Forbes]

Baxter International Inc. (BAX) 
Last baxter international inc. earnings: 4/30 07:15 am Check Earnings Report
US:NYSE Investor Relations: investor.baxter.com
Company Research Source: Forbes
Universal Images Group via Getty Images As they are promoted to become the CEO, many senior leaders view this long-awaited step as the pinnacle of their careers. Finally, they are about to occupy the top spot in the organization—setting the priorities, determining the strategy, allocating resources, and developing the best talent for the team. For many, an unexpected challenge is looming, which new or aspiring CEOs may not be fully prepared to meet: their relationship with the board of directors. Here's how I explain the dynamics, based on my own experiences as a CEO and as a board member and chair. First, it's important for incoming CEOs to reflect on the fact that, in each position along their career path, they have had only one boss. In addition, each of these bosses previously held senior management roles in the company, making them very familiar with the responsibilities of the job. Now, as new or aspiring CEOs, they are about to have as many as 10 or even 15 bosses—otherw Show less Read more
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