38 | Accountability, Strategy, Risk: Byron Enix on Getting Board Work Right

<p>In this episode of Build Better Boards, host Richard Fagerlin talks with Byron Enix (retired President &amp; CEO, American AgCredit) about what boards owe their organizations before, during, and after a CEO transition.</p><ul><li>The three real jobs of a director: Accountability, strategy, and risk. Get those right and CEO selection becomes the natural outcome of good governance.</li><li>Build the playbook before you need it: Draft a CEO transition playbook long before it&#39;s needed, with clear expectations for the board, the selection committee, leadership, and any outside search firm. The firm works for you.</li><li>Keep the full board in the decision: A selection committee can run the process, but the full board needs to stay engaged enough to test the recommendation. The CEO also has a role to play in preparing the organization, within clear boundaries around confidentiality and influence.</li><li>Honoring tenure without losing honesty: Long-tenured CEOs deserve real respect for what they&#39;ve built, and a board willing to have honest conversations about present performance and future needs.</li><li>Pay for performance, not for baseline: Big checks for big expectations make sense. Incentives layered on top of a CEO simply doing the job they were hired to do do not.</li></ul><p>Connect with Byron on LinkedIn at <a href="https://www.linkedin.com/in/byron-enix-2943b153/" target="_blank" rel="ugc noopener noreferrer">www.linkedin.com/in/byron-enix-2943b153/</a>. </p><p>Find show notes and more at <a href="buildbetterboards.com/podcast" target="_blank" rel="ugc noopener noreferrer">buildbetterboards.com/podcast</a>.</p>