Executive teams play 2 critical roles in an organization.
The first is obvious; they provide strategic and operational leadership to the company. They set goals, develop strategy, and ensure the strategy is executed effectively.
The second is less obvious, but just as important; the executive team provides the organizational and cultural DNA for the company. How well the executive team functions as a collective leadership body and how its members interact serves as the model that teams throughout the company will follow.
Via David Hain