Dude they don't even do this. You don't get it. They DELEGATE the decision making, the values and the enforcement as well. The firing, the finding guidance is all delegated.
It've very very minimal what they do. The overall performance of the executive is determined by his selection of right hand men. The executives main skill is managing the board and selecting the right people to do things for them.
The executive is not talented at creating, building or running a company. His main talent is selecting the people who do it for him. Also honestly, all this "value setting" stuff is trivial. Ultimately the people underneath him adapt to what works regardless of values.
It've very very minimal what they do. The overall performance of the executive is determined by his selection of right hand men. The executives main skill is managing the board and selecting the right people to do things for them.
The executive is not talented at creating, building or running a company. His main talent is selecting the people who do it for him. Also honestly, all this "value setting" stuff is trivial. Ultimately the people underneath him adapt to what works regardless of values.