Strong corporate board governance has never been more important as we head into a new year. It is the linchpin to building high performing organizations and helping organizations stay nimble as they face economic headwinds. Agility is key when news travels at lightning speed. From the Twitter buy-out and firings to the FTX bankruptcy, the stakes for companies and their boards have been raised to new levels in this increasingly volatile, uncertain and complex world.
Besides the macro headwinds that everyone has to contend with, stakeholders and shareholders have high social and moral expectations, and if they aren’t met quickly and appropriately, it can have a damaging effect on the reputation of companies and organizations. As a result, boards are having to change their old ways of working to keep up with the pace of the change, but they’re also having to take public stances, in many cases, to address issues head-on like they never have before.
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