72. Lord Charles Allen - The Chair-CEO dynamic: the most important relationship in the boardroom

Enter the Boardroom with Nurole

Lord Charles Allen, Baron Allen of Kensington, CBE, is Chair of Moelis & Co, Balfour Beatty Plc, Global Media & Entertainment Group, and The Invictus Games. Listen to his conversation with Nurole CEO Oliver Cummings to hear his thoughts on: As a CEO and NED, what have you learnt from your Chairs which you now replicate as a Chair? (2:26) What are the bad Chair examples you’ve learnt from? (5:39) What have been your most challenging experiences hiring and firing the CEO? (8:04) How do you evaluate incumbent CEOs? (10:07) What role do your NEDs play in the CEO evaluation? (12:10) What are the most effective ways of developing under-performing CEOs? (13:31) Have you ever considered stepping into the Exec Chair role? (17:29) As a Chair, are you still too slow to fire people? (20:19) What have you learned about assessing prospective CEOs? (21:28) What have been your biggest mistakes with CEO succession? (22:36) How do you do due diligence for prospective Chair roles? (24:32) How does your due diligence differ if your prospective Chief Exec is a charismatic Founder-CEO? (26:38) Is there a right time to become a Chair? (27:40)⚡The Lightning Round ⚡(28:37) And audience Q&A: first-time NEDs, challenging dynamics, different styles, ESG, regrets, skin in the game & compensation (34:08)

Show notes and transcript available at https://www.nurole.com/news-and-guides