This role play provides the participants with an opportunity to experience a live board meeting of a public company whose chair has been detained on suspicion of fiscal fraud and tax evasion. The emergency meeting has to decide
1. the fate of the incumbent chair: should he be immediately dismissed or not?
2. company’s and board’s positions on the arrest
3. succession - if the incumbent chair is dismissed, who should succeed him and when?
-Illustrate how boards of directors really work
-Let the participants practice directors skills – listening, questioning, speaking up, framing
-Apply crisis management frameworks to a practical situation
-Discuss importance and components of leadership succession planning
-Provide material for self-reflection and group coaching
- Board chair
- Board of directors
- Chair succession
- Crisis
- Successors
- Board meeting
- Board agenda
- Public company
- Shareholders
- Independent directors
- Affiliated directors
- Employee representatives
- Executive compensation
- Leadership
- Q12022
