Board of Directors
Your company's board of directors are a vital part of your business. We support their core function by bringing unique subject matter expertise and industry knowledge.
Our forward thinking advisors supplement the knowledge of your Board of Directors by offering new perspectives, diverse experience and powerful tools.
The risk oversight function of the board of directors has never been more critical and challenging than it is today. Rapidly advancing technologies, new business models, dealmaking and interconnected supply chains continue to add to the complexity of corporate operations and the business risks inherent in those operations. The evolving political environment further exacerbates the risks that corporations face. Corporate behavior has been blamed for accelerating environmental degradation and aggravating disparities in income and wealth. In addition, safety scandals and product failures have affected public confidence in the ability of corporations to manage business risk and have given rise to skepticism as to whether companies are sufficiently prioritizing consumer and product safety. Environmental, social, governance and sustainability-related issues have become mainstream business topics, encompassing a wide range of issues including business model resilience, employee wages, healthcare, training and retraining, income inequality, supply chain labor standards and corporate culture, as well as climate change. The reputational damage to companies, boards and management teams that fail to properly manage risk is substantial.
Developing a strategy to keep your current shareholders engaged, while attracting interest from potential investors is increasingly an area that Board of Directors can impact. It is no secret that the more involved shareholders feel about your long term vision, the more likely they will be to support new initiatives along the way. This requires a communication strategy, storytelling, a clear vision and an action plan. Board members are increasingly playing a bigger role in a company’s relations with its investors, this shift has created powerful opportunities for those equipped for the challenge, and pitfalls for those unprepared. YourBoard operates as a powerful extension to your board of directors by filling the roles and providing the necessary tools to increase shareholder confidence and attract outside interest.
Corporate Governance refers to the way in which companies are governed and to what purpose. It identifies who has power and accountability, and who makes decisions. It is, in essence, a toolkit that enables management and the board to deal more effectively with the challenges of running a company. Corporate governance ensures that businesses have appropriate decision-making processes and controls in place so that the interests of all stakeholders (shareholders, employees, suppliers, customers and the community) are balanced.
Perhaps the most important role of the board is to be actively engaged in overseeing the development and execution of a corporate strategy. The board provides leadership by interpreting complex market dynamics and shaping a vision for the company’s future. A key function is to approve or send back for amendment management’s recommendations about the future direction of the corporation. This function usually receives minimal attention as the C-Suite is often too busy or disorganized to allocate the time to this function, so too are many board of directors. YourBoard can help bring the leadership teams together and create mecanisms to ensure every decision is in line with a widely understood and supported vision that is agile enough to adjust to conditions on the ground.
In recent years, the way customers connect with businesses has undergone a dramatic transformation. Having a firm grasp of the evolving online space can help businesses seize opportunities as they arise. Today, the consumer drives the conversation and businesses that don't have a strategy for this new reality ignore it at their own peril. YourBoard experts are well positioned as industry leaders to help you cut through the noise and trends to make strong, data based decisions.
Sometimes, all you need is an outside perspective.
Our consultants can start working with you to solve complex challenges today.