THE CEO EDGE
Issue 52. May 2014   |   Subscribe

How to create an accountability culture to accelerate results
In this issue, we interview MacKay CEO Forums member Tom Schmitt, President, CEO & Director, AquaTerra Corp.

What is an accountability culture for your organisation?Accountability for me means three things: First: Keep the main thing the main thing. When you are involved in too many things, you are not making a difference in any. In numbers, often three is a good number of things to focus on. Second: We are not in the "surprise business". Watch progress on the main things, the three-to-five key objectives for the company, every day. If one of the main objectives goes off target, the leader in charge needs to tell you so you can tackle the challenge together. Expect to be in the "problem solving business" and do not accept to be in the "surprise business". Third: Be tough on issues, not on people. I strive hard to hold my team mates to deliver and I have high expectations. This also means never being personal. "Help me do better" is great, but "you are stupid" is poor, and unacceptable.

Why is it important to create an accountability culture? Many teams and organisations find and recruit well-intending and good people, which is necessary but not efficient. With good leadership, you create a good game plan, but the toughest thing is for you to have good people to execute a winning game plan. You can relax, thinking you have good people and a winning game plan ... and listen to the 70s Meat Loaf song Two out of Three Ain't Bad. It is the wrong song for you. We all have to hold our leaders accountable for more than effort. We have to strive for difference-making outcomes. Don't confuse efforts for results.

What do you do as the CEO to create an accountability culture in your organisation? Four things: First, we have Management Business Objectives (MBOs), or key goals, for myself and the senior officers. We cascade these goals down to every team mate. If time and energy is spent on something that's not an MBO, there'd better be a darn good reason for it. If not, re-direct your time and energy. In addition, every team mate only has two-to-six business objectives to keep them focused. Second, we have regular weekly progress reviews during which each leader of an initiative describes what s/he is doing to make it happen. And, if it does not happen, what alternative action is being taken. Third, we have public competitions. Every month, we have a Most Valuable Player - a person from any position in our company who lived our values most consistently; each MVP is celebrated and made to feel special, without any cash incentive. And, I host a lunch or dinner with each winner one-one. Fourth and most importantly, we all go out and celebrate the MVP of the Month.

What is your favourite book pick on this topic? The answer to this one is a bit tongue-in-cheek: Simple Solutions by Tom Schmitt and Arnold Perl. 

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Meet our newest Forum Chair
This month we are pleased to announce that Karen McKnight has joined our growing team of CEO Forum Chairs. Karen is based in Toronto and has over 10yrs experience coaching senior level executives and their teams. Read more ...
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WANTED: New CEO Forum chairs

MacKay CEO Forums has now grown to over 350 CEOs and other senior executives, participating in over 30 different forums located in key markets across Canada. As more and more CEOs seek to join our organization, we will continue to add new forums, but we must first identify and partner with new forum chairs. Please consider your network and reach out to anyone you think may be interested in this dynamic opportunity.

We are actively recruiting new talent based in Vancouver, Edmonton, Calgary, Toronto and Montreal.
  
Top 5 reasons for being a forum chair
  

1. Alignment with a top-tier, established and highly-regarded brand in the CEO peer group arena.

 

2. Compelling value proposition  CEO peer-learning groups have proven to be extremely compelling to CEOs. By joining you will be providing your CEO clients and network with a highly effective way to enhance leadership skills, expand network and accelerate performance

 

3. Well-honed system  MacKay CEO Forums has developed a highly effective peer-learning program and supporting operations. We support forum chairs with excellent training, tools and proprietary resources, which minimizes administration and prep time to make chairing groups a highly efficient use of time.

 

4. Expand your business network  Chairing forums offers a unique, client-oriented approach to becoming part of a world-class team of chairs and a very powerful community of over 300 CEOs and top executives across Canada.

 

5. High return for time invested  We pride ourselves on offering the highest impact, peer-learning experience for the least time commitment. Our chairs are offered a generous remuneration formula, a highly stimulating learning environment, an efficient format and ongoing mentorship.

 

The ideal forum chair is a high-caliber strategy or leadership consultant who has at least a decade of experience working closely with CEOs. Chairs must have the ability to identify and recruit members for their groups and must have the passion, influence and interpersonal acuity to motivate senior executives to action. This is a part-time opportunity and forum chairs are able to engage in synergistic consulting and continue their own, established consulting practices.

 

To support this effort, we have appointed Marty Parker at 

Waterstone Human Capitato find the most talented, best-fit chairs to work with our rapidly growing community. Interested individuals should contact Marty Parker at:

 

mparker@waterstonehc.com

(416) 408-3199

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What great CEOs do. Read Nancy's
e-booklet for more
What Great CEOs Do: How to Learn from Mistakes and Move On profiles real-life case studies and experiences from MacKay CEO Forum participants. Topics include successful CEO leadership traits, managing the board, building a high-performance team, CEO happiness and more. Read the e-booklet...
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CEO and Executive Forums
MacKay CEO Forums provides results-oriented peer learning groups for medium to large companies in Canada. If you are interested in exploring a forum, please contact Nancy or see our website for more information. 
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Sign up for the CEO and executive fitness challenge!
Join your peers, make some changes, live longer and accelerate your performance with our popular fitness challenge, led by Dr. Larry Ohlhauser, author of The Healthy CEO.

Contact Larry for details.
Nancy
 
CEO Breakfasts
May 1, 2014
Vancouver 7-9am
Profitable Growth: What CEOs and Management Teams Need to Do to Make It Happen
Panelists: Steve Curtis (Founder & Chief Vision Officer, ZAG Group), Jack Lee (Past CEO & Founder, 4refuel), John Neate (CEO, JJ Bean Coffee Roasters), John Nicola (Chairman & CEO, Nicola Wealth Management)
 
               
May 29, 2014
London, ON 7:30-9am
Today's CEO: How to Measure, Manage and Accelerate CEO Performance
With Dr. Nancy MacKay (CEO, MacKay CEO Forums)
 
Co-hosted with Accucaps Industries
 
               
June 17, 2014
Vancouver 7-9am
How to Maximize Business Value
Panelists confirmed to date: Eric Berke (Co-Founder & Managing Partner, Torquest Partners), Jim Williams (President & CEO, Williams Moving & Storage)
               
Co-hosted with Deloitte
 
               
June 18, 2014
Toronto 7-9am
Accelerating Growth: How to Attract, Retain and Develop Top Talent
               
Co-hosted with Deloitte
 
               
June 19, 2014
Montreal 8-9am
Today's CEO: How to Measure, Manage and Accelerate CEO Performance
With Dr. Nancy MacKay (CEO, MacKay CEO Forums)
 
Co-hosted with Deloitte