Focus on the Society for Corporate Governance national conference

A few takeaways from our discussions and the panels:

🤝 RESILIENCE: Company risk management has long focused on mitigation and being reactive to crisis rather than promoting resilience in the face of unforeseen circumstances. A resilience mindset means looking for areas of opportunity for improvement and creating efficiencies rather than just mitigating risk. When delegating entity management to a trusted partner, companies make their entities more resilient by mitigating risks; no more juggling relationships with various local partners or having all of institutional knowledge disappear when an internal resource leaves.

⏲ ANTICIPATION: What were once considered best practices are fast becoming regulatory requirements across jurisdictions. This includes ESG reporting, board diversity and inclusion, climate change risk management, human capital management, business ethics, and anti-corruption measures. A proactive approach to implementing best practices helps put companies ahead of the curve for when best practices become requirements.

👩‍💻 SKILLSET: In an increasingly uncertain world, it is more important than ever to have board directors and executives with the right knowledge and skillset to navigate companies through uncharted waters. But what skillset is most important? Understanding the areas in which they might be lacking expertise along with a continuous improvement mindset set them up for success.

🤔 DUE DILIGENCE: If something doesn’t make sense in your corporate governance documentation, don’t let it go. Investigate, be brave enough to raise your hand and speak up. You’re probably onto something.

Thanks again to the Society for Corporate Governance team for an excellent conference – see you in October for Essentials Express!