An excellent perspective from Korn Ferry, exploring the challenged faced by inexperienced CEOs. As the article explains, no other job can prepare you to be CEO, and understanding your limitations and being able to take support can play a big part in achieving success.
But the toughest new skill, leadership experts say, may be developing a relationship with the board of directors. Before they became CEOs, most senior executives will have given presentations to directors. But they never worked with them as a team, Cashman says. It isn't easy, since the people on the board are usually strong, independent leaders themselves. “You have to appreciate the nuances of each of them, help them coalesce around core issues; be responsive and sensitive to their issues, and help create an environment that’s inclusive and leads to good outcomes,” Young says. The board will challenge a CEO, and the CEO cannot be defensive about it.