C-Suite Strategy’s Post

𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐚 𝐛𝐨𝐚𝐫𝐝 𝐨𝐟 𝐝𝐢𝐫𝐞𝐜𝐭𝐨𝐫𝐬 𝐢𝐬𝐧'𝐭 𝐣𝐮𝐬𝐭 𝐚𝐛𝐨𝐮𝐭 𝐟𝐢𝐥𝐥𝐢𝐧𝐠 𝐬𝐞𝐚𝐭𝐬; 𝐢𝐭'𝐬 𝐚𝐛𝐨𝐮𝐭 𝐬𝐞𝐭𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐭𝐚𝐠𝐞 𝐟𝐨𝐫 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐠𝐫𝐨𝐰𝐭𝐡. The right mix of expertise and diverse perspectives is essential to building a strong and effective board. This means looking beyond traditional qualifications and considering the unique contributions each member can bring to the table. The article from Forbes offers a comprehensive look at the factors to consider, such as skill sets, cultural fit, and the ability to challenge and support management effectively. Personally, I believe it’s critical to evaluate both the hard and soft skills of potential board members. A well-rounded board balances industry knowledge with fresh, strategic thinking. Focus on building a board that is not only competent but also committed to the vision and mission of your company. Finally, when building a board, the 𝟒 𝐏𝐢𝐥𝐥𝐚𝐫𝐬 𝐨𝐟 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 from the Institute of Directors can provide a guiding framework. These pillars emphasise the importance of a clear purpose, establishing an effective governance culture, holding management accountable, and ensuring compliance with legal standards. A board that embraces these principles will create a foundation for long-term success and resilience. For more insights on building a board that drives success, read the full article or reach out to me directly. 🔗https://lnkd.in/gtJcsJpt #4PillarsOfGovernance #BoardLeadership #BusinessGrowth #CorporateGovernance #LeadershipMatters #StrategicThinking

𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐚 𝐛𝐨𝐚𝐫𝐝 𝐨𝐟 𝐝𝐢𝐫𝐞𝐜𝐭𝐨𝐫𝐬 𝐢𝐬𝐧'𝐭 𝐣𝐮𝐬𝐭 𝐚𝐛𝐨𝐮𝐭 𝐟𝐢𝐥𝐥𝐢𝐧𝐠 𝐬𝐞𝐚𝐭𝐬; 𝐢𝐭'𝐬 𝐚𝐛𝐨𝐮𝐭 𝐬𝐞𝐭𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐭𝐚𝐠𝐞 𝐟𝐨𝐫 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐠𝐫𝐨𝐰𝐭𝐡. The right mix of expertise and diverse perspectives is essential to building a strong and effective board. This means looking beyond traditional qualifications and considering the unique contributions each member can bring to the table. The article from Forbes offers a comprehensive look at the factors to consider, such as skill sets, cultural fit, and the ability to challenge and support management effectively. Personally, I believe it’s critical to evaluate both the hard and soft skills of potential board members. A well-rounded board balances industry knowledge with fresh, strategic thinking. Focus on building a board that is not only competent but also committed to the vision and mission of your company. Finally, when building a board, the 𝟒 𝐏𝐢𝐥𝐥𝐚𝐫𝐬 𝐨𝐟 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞 from the Institute of Directors can provide a guiding framework. These pillars emphasise the importance of a clear purpose, establishing an effective governance culture, holding management accountable, and ensuring compliance with legal standards. A board that embraces these principles will create a foundation for long-term success and resilience. For more insights on building a board that drives success, read the full article or reach out to me directly. 🔗https://lnkd.in/gMQitcJt #4PillarsOfGovernance #BoardLeadership #BusinessGrowth #CorporateGovernance #LeadershipMatters #StrategicThinking

Demands on today’s board directors are tough. The board members of the moment have to be agents of constant innovation in order to make the constant flux of the operating environment work for the business, and not against it. The board members need to be well aware of the wide spectrum of risk and be part of creating scenarios on how to mitigate and how to act if those risks actualise. A modern board member is beginning to look more like a modern-day renaissance genius than a one-dimensional business professional. Read our article examining the case for diversifying the profiles and skillsets of non-executive directors particularly given the ongoing corporate climate of digital disruption, and geopolitical instability. https://ow.ly/uoMa50QrI3e #leadership #boardroomdiversity #boardcomposition #unleashpotential

Just out. Here is another helpful article from McKinsey providing some guidance to CEO's, but just as well applies to business leaders within companies and even small business owners who have small teams. Helpful reminder for all.

What sets the best board members apart? It's a question that's intrigued headhunters, CEOs, and board chairs for years. The truth is, the only way to discover what qualities have the most impact in the boardroom starts with identifying which directors create the most value over time.   AlixPartners and Corporate Board Member magazine teamed up on a mission to identify those directors – and how they do it. We are learning that their “secret sauce” is not tenure, committee roles or even deep industry experience – it’s how they collaborate with management and each other. It's not luck and it's not random. And it is repeatable.   I invite you to preview our findings and meet our first slate of directors who have repeatedly added tremendous value to the companies on whose boards they serve. Stay tuned for more installments to come.                   #strategy #boardofdirectors #value

Future-Proofing Your Board: The Key to Long-Term Success In today's ever-evolving business landscape, staying ahead means more than just keeping up with trends—it's about shaping them. We prepared this insightful article that highlights some of the essential steps for boards to remain agile and forward-thinking. 1️⃣ Strategic Time Allocation: Boards must carve out time for long-term planning. It's crucial to look beyond the immediate horizon and think about the future landscape. 2️⃣ Embrace Creative Thinking: Asking open-ended questions can spark innovation and uncover new opportunities. Encouraging diverse perspectives fosters a culture of creativity and resilience. 3️⃣ Regular Business Model Reviews: Periodic evaluations of the business model ensure that assumptions are still valid and strategies are aligned with future goals. 4️⃣ Seek Diverse Input: Engaging with management and expanding beyond the usual networks brings fresh ideas and perspectives that are vital for sustainable growth. Let's commit to these practices and lead our organizations with vision and adaptability. The future isn't just something to face—it's something to create. #Leadership #FutureProof #StrategicPlanning #corpgov #BoardLeadership Read the article here: https://lnkd.in/d5zhcQqc

Would like to share with you some feedback received by one of our readers Ibtissam Alayoubi: The article is a practical guide for boards seeking to enhance their strategic oversight and adaptability. The questions posed are thought-provoking and designed to push boards out of their comfort zones, encouraging them to think critically about their current practices and readiness for the future. The emphasis on innovation, customer engagement, and expert consultation is particularly relevant in today's rapidly changing environment. Boards that adopt these practices will likely be better positioned to navigate future challenges and seize new opportunities. Thank you for your input!

Powerful reminder to set goals aligned with strategy.

This is a gem MaltaCEOs.mt. BODs who must align for the single, focused objective of making the organization prosper. The CEO, who is touching all parts of the business daily, will execute. It is imperative that the BOD is a team which is able to confront each other, in a healthy way. What is definite and creates most of the discord in BODs is the fact that shareholders and directors are one and the same. Minority shareholders with malicious intent could try to undermine the business for one single purpose, capitalizing on the information and opportunities at hand. This is not just illegal but definitely a road to disaster. Family businesses and startups with no previous BOD experience suffer a lot from these challenges.

📢 Have you ever wondered what an advisory board can bring to a governance board? 🤔 In today's dynamic business landscape, a high-performing board goes beyond good governance. Today, I stumbled upon a thought-provoking article titled "Boards and the Art of the possible" It highlighted the pivotal role of the chair and non-executive directors in combining oversight and technical expertise with meaningful conversations with key executives. After reading the article, it became (more) clearer that an advisory board (and its Chair) can add immense value to the governance board, amplifying its effectiveness. An advisory board brings a wealth of expertise and insights to the table, supporting the governance board in making informed decisions on performance, strategy, and risk. By fostering an environment of trust and collaboration, executive and non-executive directors can engage in open and robust conversations that drive organisational success. 🔗 https://lnkd.in/dKU3Swtq #AdvisoryBoard #GovernanceBoard #BoardPerformance #GoodGovernance #Leadership #TrustAndCollaboration #BusinessDisruption Advisory Board Centre #certifiedchairofavisoryboards