A Coach for each CEO
CEO Executive Coaching
In a recent blog by a fellow coach he argues that "every CEO is on the stage for the majority of his or her work life but needs pre-performance quiet and confidential time to be creative, bounce their ideas of someone in a protected climate and explore unintended consequences of future actions" Eric Schmidt, chairman and CEO of Google who openly admits that he was sceptical concerning the value of an executive coach now says when you have the opportunity to engage a coach "grab it". He continued to say in the same article that "once I realised I possibly could trust him (i.e. the coach) and that he may help me with perspective, I decided this is a good idea!"
The Best CEO Coaches
The best CEO Coaches offer a lot more than mere crisis counselling, functioning instead just like a personal trainer in a gym. Their principle mission would be to keep CEO's alert, aware, positive and operating at the top of their game. But it is not a role that just anyone can play. Though directors can help with specific situation-based advice and could be even personally capable of coaching it is really not their role to get personally involved in the information on the CEO's job. If they did, they could not keep up with the objectivity required when contemplating company performance issues.
Board Effectiveness
When a board decides to go ahead and bring a CEO coach in, how should it proceed? Should a board hire this type of coach or should it get its CEO to do the hiring? While CEO coaches are retained in a variety of ways, the most effective way is for the board to tell its CEO they might like him/her to locate a coach for him/herself. They ought to discuss with the CEO why they think executive coaching will be valuable and talk through the characteristics/experience they might like the coach to possess. Beyond that, the CEO should be allowed to choose their own coach. In some instances sufficient reason for increasing frequency it really is becoming common to build a CEO coaches'' services into the CEO compensation package.
Executive Coaches in Organisations
CEO or executive coaches are actually certainly more common in organisation - largely due to the increasing demands and stresses on the CEO in the present day day marketplace. Find out more and boards recognize that and want to provide executive coaching as a stool to increase the longevity and the success of the CEO - a dynamic and productive partnership with a executive coach could be one of the most valuable investments for just about any ambitions organisation.