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Today's CEOs are operating in a new landscape where society and business are more intertwined and a broader group of stakeholders register their expectations and demands They need to become a different kind of leader if they want to succeed. The authors talked to 105 board directors from 311 North American companies in 11 industries and identified five steps that today's leaders need to take. The risks are real and there is a chance for upside.

It wasn't long ago that a CEO was considered effective if they were able to keep the board happy, appease shareholders, and steer clear of major reputational issues.