Unlike their public-company counterparts, which focus mainly on increasing shareholder value, family-business boards must act on behalf of stakeholders with multiple and potentially conflicting agendas – for example, co-owners with equal power and completely opposing financial timelines.
Jill Ader, Chairwoman of Egon Zehnder, shared her insights on top management trends with CNNMoney Switzerland. “We need really curious leaders”, states Ader, “because then you don’t make assumptions, you don’t take diversity views for granted.”
CEOs struggle with developing their leadership teams; boardrooms are living labs for leadership experimentation. Why CEOs should expose their senior executives to board work as part of their leadership development.