Does SA have a CEO problem? We have the ones who refuse to leave. There are the ones who refuse to stay. And then there are those who refuse to join - or haven't been hired at all. If there is a common thread, it is about the breakdown in the constructive dynamic that is meant to prevail in the boardroom between board and CEO. It's about a failure to be clear about the respective roles and responsibilities of the CEO, the board and (in the public sector) the shareholder. Sometimes it is about a hire that was inappropriate in the first place, reflecting a board's lack of integrity - or simply of expertise.

It is, in other words, a broader governance problem, one making for much drama and dysfunction.

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