When is it time to say, ‘Our CEO’s got to go?’
By Denzil Doyle
By definition, innovation is all about change, which means that the duties and responsibilities of a high technology CEO are bound to change as the company grows.
While a board of directors must pay close attention to those changes and how well the existing CEO is reacting to them, the board must resist the temptation to terminate the CEO prematurely. This is particularly true if the founding CEO is a technical person. Many directors are of the opinion that it is their responsibility to bring in a more “business-oriented” person at the first sign of trouble.
Unfortunately, business orientation can mean different things to different people, but as a general rule, the following four parameters are important in a CEO’s evaluation:
