Board Transformational Situations
Facilitating Board Transformations
Transformational events can test CEOs and boards as theyve never been tested. The competition for capital and the demands of stakeholders maintain constant pressure. When a companys culture or direction changes through merger, acquisition, a change in strategy or stage of development; when strains in corporate dynamics occur with a new CEO or newly minted or post-merger board; and when expansion into global, culturally diverse markets creates logistical and cultural challenges, developing effective corporate governance strategies, structures and procedures becomes a necessity.
Masters-Rudnick & Associates can help boards transform smoothly from the companys current state to governance structures and practices that are more appropriate for major transitions of the business or the company. Acting as trusted advisors to the CEO and board we can:
- Assess existing governance structures and practices in light of anticipated changes in the company or its business
- Act as a sounding board for the CEO or a board committee chair while conducting board interviews to determine where there is unanimity and divergences of approach to the projected new situation
- Mediate difficult and contentious issues among directors and corporate staffs during a merger or acquisition or other structural board transformation
- Create, either pre- or post-IPO, the board and staff structures and procedures that become critical upon public listing
- Efficiently organize board and governance administrative matters, including the office of corporate secretary and board committee processes
- Support board staff stretched thin by a transition effort
- Develop information packages responsive to the boards evolving oversight needs
Transformational events can be problematic enough without adding to their difficulty by neglecting the challenges they pose to good corporate governance. Working with Masters-Rudnick & Associates you can be sure that you will explore all of the ramifications of change for the board and CEO, create the optimal governance structure, and move the board efficiently and effectively to the new state of the organization.
Masters-Rudnick & Associates offers advisory services designed to help boards and CEOs address key corporate governance and board issues before, during, and after such transformational events. We can: Help formulate policies and procedures designed to smooth board transformations and prevent corporate crisis
- Facilitate board transformation from the old state to the new
- Improve board dynamics following transformation
- Use board retreats to resolve contentious issues, reach consensus, and improve board dynamics
Acting as trusted advisors to CEOs and boards, we help ensure that board transformation results in an appropriate, high performing governance body, and in the case of unwelcome surprises that the governance structure emerges stronger than ever.