Mon, 10 Jun
|Webinar
Board Effectiveness Thought Leadership Webinar
Time & Location
10 Jun 2024, 15:00 – 16:00
Webinar
About the event
We are pleased to announce that Impact Boards Emerging Markets and Board Excellence will host a one-hour interactive online webinar featuring Kieran Moynihan, Managing Partner and Founder of Board Excellence.
This is our first joint introductory event, following the recent announcement of our strategic partnership. Our collaboration is focused on providing training and education services to our growing community of Board Directors. The training workshops aim to be interactive and will focus on key corporate governance themes in Emerging Markets. Participants will have an opportunity to ask questions and gain valuable insights through real-life case studies.
During this introductory workshop Kieran will guide participants through three topics which, based on his several decades of experience of serving on boards and consulting them, are key considerations for corporate boards globally:
Strategy and business model agility
In addition to typical board challenges, recent global developments have led to increasingly complex challenges for boards. ESG considerations have come to the forefront due to climate change and several regulatory changes. Technological developments have forced boards to include cybersecurity and AI in their agendas. In emerging markets, volatile macroeconomic and political conditions also need to be considered. The 3-5 year company strategies need to be frequently adjusted given these exogenous factors. Given this backdrop, there is a need for a step-change in collaboration between the executive team and non-executive directors on strategy and business model choices. Decision making processes also need to become much more agile.
Addition of new skillsets and refreshing the board composition
A significant number of boards take quite a static approach to their board composition, often leaving significant gaps in key skillsets as well as leaving under-performing board directors in place. Progressive boards are taking a far more dynamic approach to board composition, ensuring that critical skillsets are added as needed, and that unless a board director continues to consistently bring their A-game and significantly contributes, they are replaced by a board director who will.
Grasping the nettle of CEO succession planning
A majority of company boards struggle with CEO succession planning, often being caught off-guard and ill-prepared for a sudden departure of a CEO, or mishandle the development of internal candidates with the calibre to be a future CEO. At the core of CEO succession planning problems is a failure of the Board and Directors to drive the process in the face of an overly dominant CEO who does not support putting a proper succession process in place. High-performing boards understand the critical importance of and ensure a well-structured process is in place to handle both contingency and medium/long-term succession planning processes.
About Board Excellence
Board Excellence is a leading international board consulting practice enabling boards to be highly effective and in partnership with their executive teams, to excel together for shareholders and stakeholders. Board Excellence has delivered external board evaluations, training, consultancy and board dispute mediation services in over 35 countries across the world, spanning developed and developing markets. All of the Board Excellence team are serving Board chairs and Non-Executive Directors with a great passion for excellence in boards and governance.
Board Excellence delivers high-quality practical board and director best practices training that combines its experience of evaluating and supporting boards day to day with its ground-breaking thought-leadership in board dynamics. A good partnership model between the Non-executive Directors and the Executive Team characterises all high-performing boards. Extensive use is made of real-life case-studies that highlight the full-spectrum of boards and directors at their very best, and where the board and directors have lost their way, struggling in an in-effective board and in some cases resulting in organisational collapse and major destruction of shareholder value.
Read more about Impact Board EM and Board Excellence's partnership and resources here.