Good communication between the Board of Directors and the chief executive is a key factor of success in any organization. In order to function effectively, the Board has to have a system of communicating its goals and priorities without impinging on the delegation of authority to the CEO. If the Board is perceived as micromanaging, then a talented CEO will grow resentful and eventually leave. On the other hand, if the Board fails to set clear goals, then it is failing in its fiduciary duty to the organization.