The Power of a CEO 360 Review
I recently sat through an annual CEO 360 review at a company that has been very serious about executive development since inception. It reminded me how powerful this is when it’s done correctly.
In this particular case, the entire board and management team had an hour-long facilitated discussion without the CEO in the room. The facilitator is not an employee of the company but has worked with the entire management team on executive development as they’ve grown over the past 5+ years.
This company is doing extremely well and the CEO is excellent. However, the fact that he’s comfortable enough with himself (and his team) to step out of the room and allow us (board and management) to have a candid, direct, confidential discussion is an important message to everyone.
Most interestingly to me was the value of the conversation. Even though this group has worked together for a long time, the company continues to evolve and the CEO knows he has opportunities to continue to grow. By having this type of a candid conversation across the team and the board, it creates real clarity around where the personal growth opportunities for the CEO are.
A minority of the companies I’m on the board of do this but this particular CEO 360 Review motivated me to rethink that and encourage it in more cases.