Hot potato: this month's dilemma.
Author | Barman, Tanya |
Position | Update |
As a CIMA Fellow, I've recently become a NED for a retail business. I've attended three board meetings so far. Before the first I received papers 10 days in advance, but wasn't sure whether they contained all the data I needed. Since then I have received the papers a day or two before meetings--also incomplete. The CEO is very dominant and defensive--and my fellow board members seem reluctant to challenge him. My personal calls to him have not been returned. I raised this with the FD, who informed me that the CEO has specifically requested sign-off on what information to include in board reports. She seems clearly under duress. I am struggling to get backup from the wider board after I diplomatically raised the issue at the last meeting.
[ILLUSTRATION OMITTED]
Our response:
Two fundamental principles are compromised here -objectivity and professional competence and due care--arising from the lack of timely and possibly inadequate information, as well as the perceived threats presented by the CEO's behaviour. These issues need to be understood and addressed without delay to ensure that all board members receive the information they...
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