Board Governance Advice
Board governance processes impact on organisational culture. Corporate culture is not something that can be set by directive as some have suggested. It develops in complex ways through a range of conscious and unconscious processes and is influenced industry sector, regulatory environment, significant events in the organisation’s past, leadership style and approach to governance.
Governance standards have been at the forefront of government and regulator thinking for some time. Many in the community believe that, despite and explosion of regulation and the number of regulatory bodies, some of our corporations and government entities do not always effectively balance the interests of various stakeholder groups in their decision making.
Board and committee charters need to convey both the intent and nature of governance structures. They need to ensure the primacy of business ethics. Strategy needs to be at the forefront of director's thinking. Compliance is important. The relationship with the CEO is paramount. One of the biggest challenges for the board is to ensure the right CEO is in place and through that person that the organisation has the right strategic leadership to fulfill its core purpose.
Strategic oversight is a critical board accountability. Charting future direction can be challenging as can navigating the path. Digital disruption and the redundancy of traditional business models present opportunity for board renewal.
Geoff Nunn & Associates has been working with boards since 1994. Listed companies, private businesses, government entities, regulatory agencies, industry bodies and professional associations. We’ve been there. So give us a call to discuss your boardroom concerns.
Geoff Nunn: email email@example.com or phone + 614 18495 107
Diversity is important and all boards need to be constantly aware of the need for balance in their make-up. This is not about numbers and quotas. The skills matrix needs to reflect future direction and the current operating environment. But Boardroom process is important too and sometimes negative dynamics can impede considered decision making.