I'm not sure if it'll be a long term appointment or just an interim one while everything is sorted. Either way the forward direction is probably going to need to come from the CEO, where it probably should've been coming from for some time.
Exactly - the Chair shouldn’t be the one coming with the “vision”.
And nor is the CEO to be fair.
CEO sets the strategy - “alignment”
The Board confirms the strategy and holds the CEO accountable for the delivery of it.
it’s then up to the CEO to execute … and you would think to execute this strategy you’d need agreement and buy in from key stakeholders. It’s going to take the knowledge and goodwill of all stakeholders to finalise what the “vision” is. Hamish and Phil have failed to even get to this first step. They provided no detail for the strategy and failed to gain stakeholder support.
Looks like a QLD-led job. They’ve been through some dreadful boards and governance issues themselves (resulting in some truly appalling coach appointments). They’ve got themselves working well lately. Just maybe they made the right call.
let’s hope so. In the meanwhile let’s hope P.Waugh can get the strategy back on track.
If it turns out this was all to block any change - no one will trust anyone ever again and the game here will be stuffed and unable to move.