In Short
Establish an effective board and governance structure
Boards and individual directors have a critical role to play in the governance, risk and strategy oversight of their organisation. As business and society evolves, boards must be able to navigate the challenges and opportunities to ensure the sustainable growth of their business. This involves juggling the needs of multiple stakeholders in an increasingly interconnected world.
Boards must be operating effectively, be fully cognisant of their collective and individual responsibilities, able to make informed decisions based on an understanding of the key issues impacting their business strategy and be supported by robust governance frameworks.
How we can help
Our board advisory team is made up of governance, risk and strategy experts who can assist you and your board, to:
- benchmark and improve current governance frameworks against better practice
- undertake board and board committee evaluations that identify areas of strength and weakness in skills, behaviours, board meeting effectiveness, board reporting, board composition, stakeholder engagement, risk and strategy
- assist with development of board support tools including board documents, policies and processes that underpin a robust governance framework of risk management, strategy formulation, monitoring and assurance
- undertake tailored board training around risk, strategy and governance to assist boards to meet their fiduciary responsibilities.
Did you know
50% of executives say their board of directors doesn't spend enough time to discuss and set strategic direction.
Strategy matters
Boards today face more complex challenges than ever. Shareholders and society as a whole now expect much more from boards of directors, as part of increased scrutiny of our institutions. In addition, there is a growing demand from executives for their boards to provide judgment and wisdom on how to “do things better", taking advantage of global and technological opportunities while avoiding traps and ensuring growth and sustainability.
As companies grow from being founder-centered enterprises to more complex and self-sustaining, boards must transition from being tactical instruments for transactions and compliance to becoming strategic assets focused on oversight and helping management navigate increasingly complex objectives.
At IMG, we welcome this higher level of scrutiny and stand ready to work with you as partners in building the best boards of directors possible.
