The demand on Boards to be more active is increasing. Board development is not just about appointing members who bring different insights, skills and backgrounds to act as the oversight of good governance practices and be updated on the business financials, they are also expected to anticipate disruptive forces on the horizon like cyber risk and the future of talent and transformative issues such as environmental, social, and governance, diversity, inclusion and belonging.
While board diversity is increasing and they need to focus on inclusion practices, encouraging open, honest discussions in the boardroom to help drive robust conversations around oversight becomes necessary. Communication, risk management, fiduciary duties and shareholder activism can present serious challenges for any business and board members need to be equipped to lead dialogue about these issues both within and outside the system.
Why is Board Development important?
Board members may become too involved backing issues which they feel strongly about and their roles and responsibilties may creep from an oversight into more lobbying role. team development helps reset perspective into a more strategic space.
Developing board members sends the message that the organisation values a culture of continual learning, innovation and investment in learning and development. It helps to set the bar for inclusion in practice.
Development gives board members an opportunity to share information around important risks around governance and policy deployment aligned to upcoming legal and regulatory challenges. So that the organisation is operating in a safe and legal way in the future while remaining competitive, development days help them to act on a future skills audit and identify new board members that may need to be recruited e.g legal skills
How do we develop Boards?
We offer tailored support for individual boards and senior leadership teams to support the strategic objectives and development aims of individual boards and teams. The ability to learn together with bespoke development encourages consistency in the development and implementation of solutions, sets the boundaries for risk-taking versus innovation as well as providing an opportunity for team building.
Our bespoke development offer incorporates aspects that are aimed at behaviours to strengthen governance in practice, improving relationships with governors and developing team dynamics and relationships.