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 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.
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, business executives can develop strategy playbooks to help their firms be prepared to pivot and adapt to changing conditions as they pursue their strategic objectives.
Building a sustainable business
There is no more important role for boards than to build an organisation that thrives over the long-term and evolves to make the most of the world around it.
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
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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