CC Goodwin Consulting ’s Post

CEO and Chief Consultant Cynthia Goodwin, ICD.D, recently delivered a webinar to Governance Professionals Canada - Atlantic Chapter members on how boards can effectively navigate CEO challenges and crises. 👇   When not handled well, CEO issues ranging from performance or health issues to strategic misalignment and ethical matters can create long-term financial harm, reputational damage and/or operational disruption. What can boards do? An ounce of prevention is worth a pound of cure.   1. Hire the right CEO for the job, considering all communities of interest. 2. Be clear about board and CEO roles and responsibilities, prioritizing communication. 3. Fulfil your fiduciary duty with an appropriate duty of care (aka do the work!). This includes setting and overseeing strategy, and overseeing risk, financials, policy, CEO performance, etc. 4. Create and keep current short- and long-term succession plans. 5. Ensure a well-functioning board. 6. Have a dedicated budget and a list of third-party legal, HR and communications advisors that the board can access on its own. 7. Govern with empathy and care – being a CEO is a lonely, tough job.   Have other suggestions? Please include them in the comments! 

  • Cynthia Goodwin, CEO & Chief Consultant at CCGoodwin Consulting pictured next to the headline: "Leading Through Uncertainty: How Boards Can Navigate CEO Challenges & Crises"
Haley Evans

Director, Strategy at CC Goodwin Consulting | Experience Curator, Brand Strategist & Purpose-Driven Marketer

1mo

Great insights, Cynthia! I particularly appreciate the emphasis on empathy and care. That human element really makes all the difference in tough situations.

Victoria Pickering

Public Relations & Conference Management

1mo

Great advice - thank you!

Bonita Eby

A leader in innovative employee wellness strategies at the intersection of health & leadership development. | Serving leaders and organizations across Canada & USA.

1mo

This is great Cynthia Goodwin, ICD.D! Congratulations and excellent work!

Matthew James Martel, PMP, ICD.D

CEO at Black Business Initiative & Business is Jammin' | Board Director

1mo

Insightful as always! Great work Cynthia!

See more comments

To view or add a comment, sign in

Explore topics