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Are boards and CEOs accountable for the Right Level of Work?

From Ivey Business Journal - May/2004

Summary:

Too many CEO's are overpaid not because their company underperforms but because they are being held accountable for work that is operational versus strategic, but paid as if they were doing this strategic work.

This article outlines the failure to establish proper accountabilities and how these should be measured. This includes accountabilities between investors and boards, boards and CEO's, and CEO's and their executive team, which leads to a capitalist system that lacks accountability to shareholders as owners.

All Boards and CEO roles are not created equal and 5 levels of CEO work & capability and 5 Levels of Board accountability and capability are identified.

When the level of capability of the Board and CEO are both below the Level of Work required by the enterprise to sustain itself, then shareholder capital is at its greatest risk in losing value in starting new business ventures, transforming existing business models and undertaking acquisitions. A new model for pay for performance linked to these Levels of Work and Accountability is described.

pdf  ARE BOARDS AND CEOS ACCOUNTABLE FOR THE RIGHT LEVEL OF WORK?_Clieaf (338.01 kB)

Professional associations & universities that support and / or co-market society conferences


Remove this one and put conference board logo here

 

A USA based association (I put a higher quality logo in the folder)

 

The Argentine Human Resources Association


The European Organization Design Forum

 

Canadian Association of Management Consultants

Human Resource Professionals of Ontario

Human Resource Planning Society

An institute for advanced human resources professional development

 

 

 

 

An association of academics, business users and consultants headquartered at Aarhus University in Denmark

A USA based association (I put a higher quality logo in the folder)

A Toronto-based association of advanced HR practitioners 

 

An Argentine Society for Quality Improvement

 

The Argentine Society for Training and Development

The Argentine Human Resources Association

Federation of Human Resource Associations in Latin America 

An Argentine Society for Quality Improvement  (Put new Fundece logo here - better quality)

An association of academics, business users and consultants headquartered at Aarhus University in Denmark

Consulting firms that provide financial support


Toronto, Canada

Forrest and Company, Toronto, Canada

 

A global network of associate consultants
headquartered inToronto Canada

 

Buenos Aires, Argentina.

USA

Australia

USA

USA

 

 

Toronto, Canada

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Some test

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