Wescott Financial Advisory Group, LLC’s Post

The 2023 NACD (National Association of Corporate Directors) Blue Ribbon Commission Report on Board Culture and Conduct provides a comprehensive framework for boards to leverage culture as a strategic asset for enhancing governance and performance. The report offers 10 recommendations aimed at helping boards to elevate their actions, processes, and composition to build and sustain a high-performance board culture. It also includes a practical toolkit for implementation, insights from experienced corporate leaders, and emphasizes the need for inclusive recruitment and onboarding practices to integrate new directors effectively. The report's recommendations focus on identifying and reinforcing "culture carriers," integrating culture-strengthening processes into board operations, and assessing major cultural fault lines such as board silos and problematic directors. It reinforces the importance of a robust board culture as a foundational element for directors to meet the increasing expectations for board and individual director performance. Boards should have a commitment to addressing unhealthy behaviors and dynamics, de-stigmatizing the decision of individual directors to leave leadership positions or to off-board, and striving for consensus in key board decisions while recognizing the value of rigorous debate. #boardroom #governance Link to the report: https://lnkd.in/gxi4s2dq

Looking for resources on some of the biggest challenges and opportunities in family enterprise? Check out this collection of videos on FamilyBusiness.Org curated by Peter Jaskiewicz and Thomas Clark. Although published in 2020, the content is as relevant as ever today. Featuring leading experts and family business leaders, these videos from Family Enterprise Foundation (FEF) provide valuable insights on critical topics such as: ✅ Intrapreneurship – Rejuvenating the business from within ✅ Governance – Structuring family involvement in the business ✅ Conflict Management – Building shared visions and reducing tension ✅ Female Leadership – Leveraging family strengths The videos are not only practical but also free to access. If you own, manage, or are a member of a business family, this is a must-see resource. 👉 Explore the videos here: https://lnkd.in/eyxyNs7 #familybusiness #familyenterprise #Governance #Conflict #Philanthropy #NextGen

The launch of the 2024 EY Global Wealth Management Industry Report focuses on strategies for capturing wealth transfers in an evolving world. From understanding female and younger inheritors to engaging donors effectively on legacy, explore the key insights in our latest report https://bit.ly/4d4ZjiP #wealthmanagement #leadership #BetterWorkingWorld #EYGlobalCenterforWealthManagement

How to lead with purpose In my first purposeful leadership installment for Forbes, I contrast and compare CSR to ESG and social enterprises to B Corps. For Part 2, I'd like to interview B Corps to learn more about the social impact they have had and if/how becoming a B Corp contributed to that. Stay tuned for more on this topic that features in my leaderships units at RMIT in both #MBA and #ExecutiveMBA https://lnkd.in/gQk5weaW RMIT University #Leadingwithpurpose #leadership #purposefulleadership Centre for Organisations and Social Change (COSC) #bcorp #socialenterprise #CSR #ESG

The new EY Global Wealth Management Industry Report is here. With asset volumes shifting like never before, how will the industry transform? If you’re a wealth manager, this is a must-read material for you. #WealthManagement #Leadership #BetterWorkingWorld https://lnkd.in/g99pH6Cd

The new EY Global Wealth Management Industry Report is here. With asset volumes shifting like never before, how will the industry transform? If you’re a wealth manager, this is a must-read material for you. #WealthManagement #Leadership #BetterWorkingWorld https://lnkd.in/dsp_KZV4

The new EY Global Wealth Management Industry Report is here. With asset volumes shifting like never before, how will the industry transform? If you’re a wealth manager, this is a must-read material for you. #WealthManagement #Leadership #BetterWorkingWorld https://lnkd.in/dQQ4EDYz

There will be unprecedented volumes of assets in motion during 2024 as an estimated US$2t-$3t is set to be inherited by wealthy donors during this time. Why is this eye-grabbing news for the wealth management industry? Find the answer in our latest report https://bit.ly/4d4ZjiP #wealthmanagement #leadership #BetterWorkingWorld #EYGlobalCenterforWealthManagement

The new EY Global Wealth Management Industry Report is here. With asset volumes shifting like never before, how will the industry transform? If you’re a wealth manager, this is a must-read material for you. #WealthManagement #Leadership #BetterWorkingWorld https://lnkd.in/g29HzBHm

Missed last week's Orr Group TALKS on nonprofit leadership collaboration? No problem - check out the recording. If you're in development, operations, or finance, you'll want to give it a listen for some valuable insights on organizational partnership. #OrrGroupTALKS