Board Transformational Situations
The Transformation of Board Dynamics
Significant events cannot only transform corporate governance structures and procedures but also board dynamicsthe crucial interactions among directors, between the CEO and directors, and between independent and executive directors that determine board effectiveness. Roles and responsibilities may have changed. The delicate balance between CEO and independent directors may need recalibrating. New board members with different personalities, backgrounds, and competencies may need to be oriented to the companys business and culture. CEOs and boards must be sure that they adequately address the sometimes subtle and potentially disruptive changes in board dynamics these new circumstances can bring.
Our services help public and private organizations tap the full potential of the board in the changed context, assimilate new board members, achieve candor and collaboration in board deliberations, and improve board effectiveness following a transformational event. Drawing on our expertise in interpersonal and group dynamics, we can:
- Help the Chairman or the Chairman-CEO best align a newly constituted or significantly altered board with the companys long-term strategies.
- Help a new CEO and the board develop a shared understanding of each partys needs and concerns to improve communication and board dynamics
- Facilitate board retreats to establish the requisite board dynamics in the changed circumstances
- Guide assessments and evaluations that help develop the skills of board members and improve their interaction with each other and management
- Help resolve difficult and contentious issues among directors
- Ensure smooth dynamics among directors, and between directors and management of a newly public company
- Assess and enhance board dynamics after the conclusion of major litigation, a significant corporate investigation, or similar difficulties
Ultimately, it is people and how they interact with each other that determine board effectiveness. Following a transformational event those dynamics need the kind of special attention that Masters-Rudnick & Associates is uniquely equipped to provide.