October 23, 2020
By Ursula Burns
The spotlight on boards continues to intensify with increasing demands and scrutiny from a variety of stakeholders. – institutional investors, activists, the media, regulators and customers.
The challenge of creating long-term shareholder value in the face of short-term pressures, combined with ongoing developments in corporate governance, has resulted in the effectiveness of the board as a high-functioning team, taking on even greater importance.
A strategic, high-functioning board is well-positioned to navigate complexities and add value. For the board to most effectively serve as an asset, best practice calls for proactive evaluation of board effectiveness on an ongoing, as opposed to reactive, basis.
As part of its board advisory program, Teneo works with clients to: review and discuss board composition, structure, expertise and knowledge as it relates to company strategy; identify vulnerabilities and alignment opportunities; and develop a customized board effectiveness plan to be implemented over a multi-year timeline.
Teneo also provides individualized coaching for current and prospective board directors to maximize impact in the boardroom, and has extensive experience building advisory boards to bring creative solutions to issues spanning market entry, ESG and cybersecurity. Our services include: