Board advisory for sustainable success in family corporations
Limited time, stiff competition, market risks, innovations, etc. exacerbate the challenge of covering all responsibilities as entities grow.
Daily TribuneLimited time, stiff competition, market risks, innovations, etc. exacerbate the challenge of covering all responsibilities as entities grow.
As practitioners of good corporate governance, this article is based on the fact that Board Directors are the ultimate leaders for any corporation’s sustainability and long-term success. In various ways, shapes or forms — family businesses, listed companies, NGOs, foundations, Government Owned and Controlled Corporations (GOCCs) — name it, the eventual rise or demise centers on a group of individuals who will determine the entity’s fate.
Inevitably, limited time, stiff competition, market risks, innovations, etc. exacerbate the challenge of covering all responsibilities as entities grow. Much more so applies for family conglomerates with increasing generations, stockholders, interests — hence the need for comprehensive board assessments and advisory support. So what does this encompass? In a nutshell, check out the following version used for a successful family corporation facing the fine challenge of continued success as new generations are coming in.
A 12-month integrated Board Effectiveness Assessment and Board Advisory Engagement designed to elevate governance, enhance board performance, and institutionalize long-term value creation for your dynamic and growing business conglomerate centering on:
1. Board Effectiveness Assessment — A foundational, in-depth diagnostic of board performance aligned with global benchmarks.
2. Monthly Advisory Reports — An extensive 12-month engagement addressing top-priority governance and board effectiveness topics.
3. Ongoing Strategic Support — Tailored guidance on board leadership, succession, stewardship and governance architecture.
4. Board Meeting Participation — Real-time advisory at board meetings to support strategic decision-making.
The deliverables are encapsulated in Monthly Board Advisory Reports, deep-dive reportage on key topics utilizing the following tools and frameworks: 1. 15–20 targeted survey questions; 2. Board and executive interviews; 3. Diagnostic insights, peer benchmarks, and reference to global standards; 4. Actionable recommendations: and 5. Participation in monthly board meetings to present insights.
A foundation for Board Advisory representing a structured evaluation of board performance across key governance dimensions, identifying areas for improvement and strategic governance enhancements with the following deliverables:
i. Board Effectiveness Scorecard — An objective performance rating across governance dimensions, including but not limited to composition, skills and diversity
ii. Detailed Board Assessment Report — Key findings, governance insights, and areas for improvement, including gap analysis and relevant KPIs
iii. Actionable Recommendations — Tailored governance strategies to enhance board effectiveness addressing strategic fit and future readiness
• CEO and executive leadership succession planning
• Internal vs. external leadership readiness
• Emergency and long-term succession frameworks
• Pay-for-performance architecture
• Benchmarking against market and shareholder expectations
• Long-term incentives and ESG-linked KPIs
• Boardroom culture, trust, and challenge
• Committee effectiveness
• Information asymmetry and meeting productivity
• Board’s risk appetite oversight
• Enterprise Risk Management (ERM)
• Cybersecurity, reputational and geopolitical risk oversight
• ESG metrics in strategy and reporting
• Board ESG oversight frameworks
• Climate risk and social responsibility governance
• Family council structure, family constitution
• Generational transition strategies
• IFC-referenced family vs. business governance balance
• Annual board review practices
• Director feedback, onboarding, and education
• Peer and self-evaluation systems
• Board role in guiding business transformation
• Codes of conduct, anti-corruption measures
• Governance compliance across jurisdictions
• Whistleblower protection and board accountability
• Board literacy digital transformation and artificial intelligence
• Oversight of IT strategy and cyber risk
• Tech disruption in the conglomerate’s core industries
• Balanced Scorecard and progress on each objective
• Top 10 strategic governance recommendations
• Board development priorities for the next 3–5 years
• Recommended action plans
Position your Board for strategic foresight, resilience and sustainable success. The Board Effectiveness Assessment and Advisory journey tailored for listed companies, family business and all entities are available tools for a world class strategic governance and sustainability framework. Get advice, don’t compromise.
