The importance of good corporate governance practices are vital in an era of transparency, accountability, and company sustainability. Harvard Law School Forum on Corporate Governance mentioned that 64% of investors believe weak governance practices are the most crucial factor, alongside poor financial performance when making investment decisions. Thus, boards should at least compare and track…
According to a survey by Ernst & Young, 70% of board directors in the Americas plan to increase technology innovation by 2023. Thus, the importance of corporate governance, and especially its digitalization, seems to be a critical aspect of responsible and modern business operations in the digital economy. This comprehensive guide on digital governance delves…
The board of directors is the mind and heart of every organization. The board’s streamlined corporate governance and forward thinking dictate success, while poor decision-making often results in a fiasco. Each member of the board has the power to improve the way directors collaborate. To make these improvements effectively, it is vital for the director…
A board book is a guide for directors during the meeting. It is a collection of up-to-date information on a non-profit organization. Its importance lies in the fact that all the necessary data is in one place that is convenient for holding meetings. Information technology development is changing the tools and approaches that directors choose….
Based on our observations, directors and officers are facing extra pressure in 2022–2023. Due to pressing business challenges, legislators and stakeholders require greater transparency and better involvement in solving ongoing problems. Achieving and maintaining a quorum required for a board meeting in such an environment is more than just a requisite. It facilitates faster and…
Productive stakeholder engagement is vital for companies’ growth. Not only does it help to use stakeholders’ vision to set relevant goals in a corporate strategy, but it also keeps stakeholders motivated and actively involved in the company’s operations. Stakeholders reporting is one of the ways to improve stakeholder involvement. This article discusses the main benefits…
Any board member is well aware of the value brought to the table by their corporate secretary. It takes a rare kind of person with a versatile, finely-tuned skill set to handle the always-in-flux moving parts of the role. Included in that list of attributes are highly sought-after traits such as being immaculately organized, a…
A chief executive officer (CEO) who is also the chairman of their board becomes an increasing rarity. Around 59% of S&P 500 companies had separate CEO and chairperson positions in 2021, a 55% increase since 2020 and a 37% increase since 2011. One recent example of this transition that sent shockwaves worldwide was Tesla’s CEO,…
Erasing the “Buzzword” Stigma The term “board culture” has become something of a buzzword. However, just because this term is thrown around with little regard, doesn’t mean it’s not without immense meaning and impact to a company. Plus, whether the company itself has a grasp of it or not, culture is going to cultivate and…
There are three consistent factors involved throughout the operations of most boards of directors: Boards are expected to have a firmer grasp on a broader scope of topics, such as: The impact of these various aspects necessitates the need for a corporate secretary industrious and diligent in carrying out their duties. In the article, we’ll…