Establishing Decision-Ready Governance
The Untapped Potential of the Board
Our goal is to help companies capture the untapped potential of their Boards; and to help management increase the likelihood that the right stuff will happen. This is the essence of Governance. When functioning properly, the Board is an asset to management and the organization as a whole. Being above the fray of day-day concerns, Directors can be effective at raising issues around the Big Things the organization faces and bringing fresh perspective to the process.
Creating a Decision-Ready Board
We have developed a methodology we call the Decision-Ready Board. To be a Decision-Ready Board requires that the directors be knowledgeable and up-to-date on the Big Things that the organization faces. It requires having the right mix of capable competencies and experiences relevant to the Big Things and the strategic direction of the organization. Finally, it means that the board members must be committed and willing to spend the time necessary to stay informed, so they can make quick and effective decisions when business demands it.
Identifying Key Criteria for Board Membership
Underscoring our design is the identification of the key qualifications for members of the Board, their roles and responsibilities, and the nature of the working relationship between the leadership team and the Board. We have served on, and advised, over 100 Boards, domestically and internationally, for profit and not-for-profit, public and private.
Helping Build a Different Kind of Leader
In times past, CEOs kept close counsel, sharing their nascent strategic ideas or concerns with a narrow cadre of confidants. Fortunately today’s leading CEOs reject this behavior. Now the best CEO’s share ideas early and often with one of their most important assets – the Board. The goals are: to inspire collaboration; to shape and hone these ideas; and to improve them. We call this building “First Light Leaders”.