A new era of business demands a new level of cohesion and managerial excellence
As the business landscape continues to become more complex, Boards are expected to do more than ever to mitigate risks and address pressing issues and priorities. Political and economic uncertainty, market volatility, regulatory changes, environmental, social, and governance (ESG) issues, rapid changes in technology, increased transparency, investor activism, and media scrutiny are some of the challenges that Board are faced with, in addition to the threat of market share dwindling as consumer behaviour continues to change and competitors continue to adopt new ways of working.
For Boards to meet the demands of this new dispensation and the expectations of key stakeholders, members should ensure that they have a robust understanding of corporate governance across all the Capitals on which the organisation relies:
financial, human, manufactured, social and relational, intellectual, and natural.
In some instances, it may be necessary to revisit the organisation’s strategy to future-proof its existence. Consideration of innovative and different ways of continuing business or changing the course of business may be needed.
Using a combination of adaptive governance programs and digital resources in conjunction with our online CelaAudit® Strategic Information System, we help Boards balance the needs, interests, and expectations of material stakeholders with the interests of the business or organisation, and its customers or clients, over time.