Improving
Executive and Board Communications
Since the passage of
The Sarbanes-Oxley Act of 2002, greater accountability
to Boards of Directors by management has emerged as
well as the Boards becoming more accountable to shareholders.
This new level of accountability necessitates more
robust and transparent communication between boards
and management in order for both to effectively discharge
their responsibilities. Privately held corporations
have followed suit.
Beyond compliance, establishing
effective Board communications yields significant
benefits for your organization. It lays the foundation
for effective collaboration, efficient decision making,
and mutual support in executing vital strategic efforts.
Productive Board
Relations
With experience as Board members as well as CEOs of
Fortune 500 companies, Corporate Edge understands
the challenges from both perspectives. By aligning
expectations and helping leaders to more effectively
present items for Board review, Corporate Edge can
evoke unprecedented levels of synergy between Board
members and executives. The benefits include:
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• |
Better strategic decisions and
more thoughtful strategy |
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• |
Increased satisfaction among Board members
due to a sense that their contributions are
valued and that their capabilities are utilized
effectively |
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• |
Stronger support for proposals consistent
with strategic direction (such as investments,
capital, acquisitions, etc.) because they are
considered in the context of strategy that everyone
owns |
Success Story
Greater Synergy
in Board and Executive Relations
A new CEO’s transition to a publicly-held company
required him to make some adjustments to his leadership
and communication style – especially when dealing
with the Board of Directors. Corporate Edge founder,
Michael Takagawa took an active role in helping the CEO
utilize the Board as a resource in decision-making
while building mutual trust. As a result, the CEO
is now more effective in educating the Board and presenting
recommendations. In addition, Michael worked with senior
management and Board members to help them recognize
one-another’s expectations. Meetings are now
more productive, and there is much greater mutual
support in accomplishing organizational goals. This
improved level of alignment and mutual support between
the CEO and the board has given the company greater
agility to seize important business opportunities
and to grow more rapidly.
See
client testimonials in this area.
