Most of the Boards we work with mention the word ‘trust’ at some point. Either trust has been lost during a dispute or difficult meeting, or trust has never been built up in the first place. Our top 6 tips to Build Trust in the Boardroom: Review, review, review! The Board should reflect at least
In almost all of the governance failures we read about, at least some of the directors are reported to say ‘I didn’t know what I didn’t know’. Perhaps they were unaware of unethical practices by colleagues, a bullying culture in the workplace, or inaccurate information given to the Board or other key stakeholders.
How often do we all ask ‘Who is holding company directors accountable for their actions (or lack of actions)? The failures of big companies in recent years, including Carillion, Thomas Cook and BHS, have rocked the confidence of both the public and investors. When big companies go down, the impact is felt by many smaller
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When we think of formal processes like internal audit, sometimes we only think they apply to large and complex organisations. There can be real benefits to all organisations, provided the processes introduced are proportionate – don’t use a sledgehammer to crack a nut! Here are out top 7 tips for introducing Internal Audit: 1. Agree
A Board Away Day – Why bother? 21st century governance can sometimes seem overwhelming. Funders, staff, volunteers, clients … all demand more of Boards these days and, particularly if our Board role is a voluntary one, the demands can seem onerous. The best Boards we know simplify things by investing some time in planning and
Succession Planning for the Chair of the Board – An Introduction We often get requests, usually from Chief Executives, about how to plan for a new Chair of the Board. Often the Articles of Association just say “The Directors/Trustees may appoint one of their number to be the Chair of the Directors/Trustees for such term
Board Focus – Introduction Over the last 20 years, we’ve seen a big shift in where Boards focus their energy. Where compliance and number crunching were their key interests in the past, great Boards have recognised that it’s equally important to know how people behave in the organisation, and what impact that has on others.
I love my allotment. You have a lot of time to think when you’re digging, weeding and watering. And it hit me that there are several parallels between keeping an allotment and governance. Here are my top 10 things my alottment has taught me about Corporate Governance – 1. Preparation is everything When I first
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In the third of our series on effective board meetings, we’re looking at board papers. We know that the board pack should be distributed at least a week in advance of the meeting. What should Board Papers contain? 1. Meeting notice The meeting notice is the covering letter for the board pack. It should state
Board members are tasked with many responsibilities – determining strategy, monitoring performance, agreeing acceptable risks and ‘setting the tone’, to name but a few. Arguably the most important task for any board is recruiting the right CEO. The CEO is the leader of the staff team, the face of the organisation, and the interface between
