Collective CEO Terms of Reference
Collective CEO Terms of Reference
At Joyous, the CEO role is shared between three people.
Purpose
The Joyous Collective CEO exists to provide additional perspectives and bandwidth in leading the execution of Joyous.
Sharing the CEO role enables members of the collective to:
- achieve better outcomes for Joyous
- alternate between periods of operational leadership and functional leadership
- support one another
- have greater flexibility with regards to work life balance
- ensure succession planning
- create learning and growth opportunities for senior leaders
Construction and Commitment
The collective is intended to consist of two to four members from the leadership at Joyous.
During the formation phase, the collective consisted of our two founders.
Since it has proven to be effective the founders are expanding the collective to include other leaders.
Membership is intended to be long term, however a member is able to opt out of the collective should circumstances change.
Expectations
The expectations of each member are as follows:
Collective CEO Meetings
- Participate in weekly meetings, of which one per month is after hours.
- Roundtable discussions on operational CEO topics, division of CEO tasks, external strategic management, top line strategy to progress further with other leaders.
- All CEO decisions are discussed and agreed as a collective, however most Joyous strategic decisions within the business are made in conjunction with other leaders.
Operational CEO rotation
- Each member takes a turn being the Operational CEO for 3 months, aligned to calendar quarters.
- Responsibilities for the Operational CEO include:
- Setting specific operational outcomes and objectives for the quarter at the outset, and socialising those to the organisation.
- Preparing and presenting board papers.
- Facilitating strategy squad meetings.
- Driving existing operational initiatives.
- Being the person in charge and held accountable during a crisis.
- Having a 1-1 with each Joyous team member regarding their personal development and Joyous experience, including other collective members.
- Upon completion of a rotation, report on the progress for outcomes and objectives set at the start of the quarter to the organisation.
- Reporting lines remain fixed and do not change when the operational CEO rotates.
Board meetings
- Members of the collective will attend board meetings.
- Members who are not directors attend as observers.