As the strategic hubs of organisations, it is the primary task of Boards to ensure the ensure the enduring prosperity and governance of the companies they drive. In today’s competitive global marketplace, Boards are running strategic and operational marathons, increasingly in the spotlight and challenged by a share and stakeholder groups whom have never been more informed, demanding and vocal.
Board Nominations Committees have widened their scope: from preserving a traditional inner circle of familiar candidates, to acting as an expert and objective human capital interface. One that also has a firm grip on technology and innovation.
Yet the reality for most Boards is different:
Under growing global market pressure and competition, organisations are repositioning for growth and globalisation, and in so doing, many are facing serious governance questions for the first time. Their task is complicated by regulatory developments whose pace and form differs by geography, ownership type, listed status and, in some countries, sector. Further dilemmas surround the transfer of leadership from family or founding members to external professionals, or structural tensions pitching centralisation versus decentralisation.
As a consequence of mounting pressure on Boards from shareholder expectations to increasingly complex regulatory frameworks, there has never been a more important time to ensure robust expert external consultancy with respect to Board search, Board evaluation and Board advisory.
As such, the transformative opportunities for Boards have never been greater. Kandil Consulting Grp Board Search & Board Advisory services is well placed to ensure independent, strategic and robust advisorship.