ABSTRACT
The notion of organizational leadership has traditionally been viewed in a top-down reductionist way of thinking at Nordica TV. At the pinnacle of the organization it has been the preserve of the CEO, followed by the other C-suite incumbents, then senior executives, then middle management and so on throughout the hierarchy. The idea that an organization’s board of directors has the ultimate leadership responsibility has never been considered since the company had traditionally operated very profitably, and the role of a CEO had become so dominant that no chairman wanted to fight a leadership battle with so little business ammunition in hand. However, as noted elsewhere:
Today the Boards of listed companies in developed countries are generally also seen as a mechanism for ensuring accurate risk intelligence, for directing the company effectively and sustainably whilst monitoring the agency costs of executive and operational management systems. This involves a notional IOU regarding the future. The future, however, is inherently and increasingly uncertain or ambiguous, hence the nature and value of any future claim is also uncertain. That is, it is contingent on events that have yet to occur.
(Cockburn et al., 2015, p. 2)