09/25/23

CEO Shoptalk: Self-Appraisal

There is a chance that if you are the CEO of a small business, a privately held business — so, not a startup — or a startup that is initially self-funded and, thus, has no investors looking over your shoulder, you do not have a working Board of Directors and, thus, do not have a meaningful CEO performance appraisal system in place.

Let’s pretend that Boards of Directors always have a working CEO performance appraisal plan in place. Isn’t that charming? Continue reading

10/4/21

CEO Shoptalk — CEO Self Help, Self Appraisal

I am a huge fan of routine, standard operating procedures, process development/management, and ritual.

I am also a big fan of regular, rigorous Performance Appraisal and, in particular, Boards of Directors appraising the performance of their CEOs, and CEOs demanding an in-depth appraisal by the Board (subset of the Board is fine, try to get someone who has CEO experience on the committee).

Lazy, cowardly Boards of Directors ignore this critical professional development duty. Shame on you.

Pro tip: The methodology, timing, process of CEO Performance Appraisal belongs in any  competent Employment Agreement and professional boards/CEOs have Employment Agreements.

I am not a fan of trendy things like 360 Degree Performance Appraisals — I like bare knuckled, in your face, straightforward performance appraisal.

One of the things I practiced in 33 years of CEO-ing public and private companies, and I preach to CEOs is self appraisal. Nobody judges us as tough as we do ourselves. Think about that for a second.

CEO readying herself for performance self-appraisal.

Continue reading