Governance
Worldwide failures in the financial services marketplace along with dauntingly complex regulatory and risk-management challenges have placed governing boards under intense scrutiny. Today, the public and stakeholders demand more from boards and expect greater accountability and transparency. As a result, it is more important than ever that boards understand the environment in which they operate and develop a governance model based on best practices that rigorously and continuously measures the performance of both the CEO and the board. Effective boards add value to an organization by:
- Reducing risk and liability exposure
- Confirming roles, responsibilities and expectations
- Increasing confidence of stakeholders and the general public
- Helping to create knowledgeable, committed and confident board members
- Improving communications
- Helping organizations achieve peak performance
Many organizations have been challenged to formally consider strategic and functional governance issues. Although some have tried to fit within popular models and many have addressed compliance, few have looked critically at improved leadership and management. Today stakeholders expect more. MNP helps you achieve your best performance ever by:
- Conducting a comprehensive governance review
- Facilitating board sessions and board orientation
- Designing evaluation tools for the CEO and board
- Training board members
- Developing policy
- Coaching the Chair and CEO
- Coaching in financial literacy
- Designing new board structures
Effective governance principles and processes apply to all organizations: large, small, for profit, not-for-profit, cooperatives, crown corporations and agencies or publicly-traded companies. However, since a governance model is largely shaped by the cultural norms and values of the organization, there can be no universal template for sound governance. That’s why MNP Consulting integrates these accepted principles and practices to design a model that is customized to your unique needs. The following framework depicts our principle based approach:
To find out how MNP Consulting can help you, please contact your local MNP consultant.