The key to success in any organisation is long term, sustainable growth but managing that is harder than ever. Faster moving, more complex risks – and opportunities – require more assiduous monitoring, more informed decision-making, and much greater coordination among all employees to ensure corporate success.
This content series explores the central role board members play in this endeavour and how crucial they are to any organisation’s long term health.
Building stakeholder trust
Building a successful organisation across the long term requires senior decision makers to engage with a far broader range of people than they would once have done and to work on a wide range of non traditional and non financial issues. The board has a vital role to play in supporting this work.
Broadening the remit
Three case studies show why board members and management teams should engage with stakeholders consistently on a far broader range of non-financial and non-traditional issues.
A guide to stakeholder mapping and engagement
Organisations have much to gain from using stakeholder maps to build trust and make better decisions.
No organisation will be a success for any length of time without the right culture. Board members must support the management team in building an organisational culture that provides a framework for everyone to work together to hit corporate goals and do so in line with strong ethical values.
Culture Holds the Key: The Role of the Boardroom
A good organisational culture provides certainty that everyone is working together to hit corporate goals and to do so in line with strong ethical values. This, in turn, makes for a more successful organisation.
Company culture: setting the right tone
Meet four experienced board members who all understand the power of a strong culture for any organisation to achieve its long-term goals.
Managing risk and building resilience
Managing risk has always been a board priority but today, in a world full of volatility, it’s just as important to build resilience into an organisation. It’s vital the organisation can withstand events that no one is quite ready for – and the Board has a key role to play in helping it prepare
The role of boards in managing risk
The raft of risks facing a business are more complex, interrelated, and fast-moving than ever before. We examine how boards can help their organisations manage risk more effectively and foster resilience in such uncertain times.
How should a board approach exec pay and what are the risks of getting it wrong?
In this special Insights In Focus episode, we discuss the thorny and often contentious topic of executive pay.
What sport can teach business about using strategy playbooks
Many coaches and players develop ‘playbooks’ for their teams to pivot and adapt to changing conditions to keep moving towards an ultimate aim, such as winning a race or scoring a goal. Similarly, managers can use strategy playbooks to help their firms respond to a catalogue of risks.
Building a stronger, more effective board
The responsibility for an effective board falls on both board members – to provide the traditional guidance to executives while taking on new non-traditional responsibilities, like corporate ethics and compliance – and the company to engage their board in the right way.
The critical role of boards in developing strong ethics and compliance
Increasing regulation and public scrutiny of corporate behaviour means ethics and compliance is now a vital part of the boardroom agenda.
Helping the board make better decisions
Putting in place the infrastructure, processes and materials to ensure a high-performing board.
Making great investment decisions: Karen Hester, Adnams
The first of four films showcasing board members’ stories and how they ensure a long-term focus for their companies.
How scenarios help navigate an uncertain world
Running the Shell Scenarios team from 2006 to 2022, Jeremy Bentham played a key role in identifying the risks and opportunities facing the energy giant. He explains how organisations can make sense of an uncertain world.
A scenario planning guide for boards
To make long-term decisions, board members need a structured way to discuss the future. Dr Trudi Lang, a senior fellow in management practice at the University of Oxford’s Saïd Business School, explains how any business can make use of scenario planning to do so.
Ukraine crisis: central resource hub
Resources, news and features on the impact of the Ukraine crisis on accountancy, business and the wider economy. Learn about the actions that ICAEW members are taking to ensure that their clients comply with sanctions imposed by different countries and jurisdictions, and discover the support available from ICAEW.Find out more
Stay up to date with the latest news and developments in corporate governance, to help you in your role as a board member, NED or corporate governance professional. Membership is free and open to everyone
Boards, strategic risk and dealing with uncertainty: looking at scenario planning
Now more than ever boards need to prepare for strategic risks and look beyond short-term forecasts by using long-term scenario planning and risk modelling. Peter van Veen, ICAEW’s Director of Corporate Governance and Stewardship, explores how boards can prepare for unforeseen eventualities such as the war in Ukraine.Read more
Thinking of becoming a board member?
If you are considering becoming a board member, or have recently joined a board, ICAEW has designed a course to help you understand the board's responsibilities and purpose. Board readiness for new and aspiring directors also offers you the chance to practise your communication skills and learn new strategic tools.