Monday, December 19, 2022


Business leaders today must be fluent with business context, be conscious of the unknown, be open to listening to different points of views, and be alert to identify blind spots…

The corporate board is one of the most crucial governance bodies in the modern enterprise; it holds management accountable for business performance; the stakeholders hold the corporate board and the management team accountable for the effectiveness of the direction, and caliber of action taken by the governing body. 

The BoD must enhance the governance system that complements business management disciplines to run a high performance, purpose-led organization.

Assertive oversight: The corporate board’s strategic oversight is crucial to identify and strengthen the weakest link in strategy management. BoDs won’t get overly distracted by quarterly results, but help the management team close blindspots, build the business capability and capacity to unleash the full potential of the business. To oversee a variety of business success factors and key leverages, the top seasoned board of directors should clarify the vision and share invaluable lessons in the past from time to time insightfully, and monitor strategy management progress assertively.

Forethoughtful BoDs can sense that the digital paradigm shift is multifaceted, predict the emergent trend of business, technology or industry, set the priority to stay focused, identify promising big ideas for investment that will accelerate bold change. The corporate boards should also oversee risk management effectiveness, an effective crisis management plan is an essential part of a company’s overall approach to risk management and business continuity, laser focus on the most critical perspectives to steer the business in the right direction.

Feedback candor: Corporate board directors are insightful business advisors, help the management team see further, dig deeper, oversee the strategy by providing invaluable feedback as outliers. They demonstrate interdisciplinary expertise and enriched professional experiences to connect wider dots, share a different way of thinking about a situation or problem that fills the blind spots and moves the strategic conversation forward. They can also cultivate a culture of learning agile, create an environment that encourages dissent and candor for enhancing a healthy feedback-feedforward cycle to drive continuous progress.

In practice, insightful leaders can leverage candor and diplomacy; confidence and humility; analysis and synthesis; s logic and creativity, to give or receive constructive feedback, break down chains of habitual thinking, continue updating knowledge and integrate professional capabilities to drive the change we want to see and lead the journey of business transformation via many accumulated steps and a few leapfrogs.

Agile resilience:
Business ecosystem is full of risk, uncertainty, and ambiguity, corporate board directors as top directorship roles are supposed to be the guiding force in the enterprise via setting guidance about what core to preserve and what future to stimulate progress toward. For every corporation which should work effectively, you need strong GRC disciplines that help executives and management perform a risk analysis and improve risk intelligence. Insightful BoDs improve risk awareness logic by observing thoroughly, thinking critically, asking insightful questions to spot risk management blind spots, and sharing profound perspectives to help the management clarify priorities, and avoid pitfalls on the way.

The best practice of the board to enforce governance discipline under uncertain circumstances is about advising the management on how to be well prepared for the challenging task of facing uncertainty while moving forward. Corporate boards with strategic resilience are able to see further and perceive better than others, harness communication, coordination, raise visibility of the core processes, in order to drive the digital paradigm shift. You cannot predict anything beforehand but can imagine with many experiences involved in the current or in the past. It involves the translation of “how to deal with uncertainty” into “how to mitigate uncertainty or deduce the degree of uncertainty” via advanced analysis. The corporate board directors with strategic resilience can sense risks, overcome challenges, and handle setbacks with a positive attitude; be able to keep working and focusing, even during stress and disturbance, in order to steer the business in the direction with calm and confidence.

Business leaders today must be fluent with business context, be conscious of the unknown, be open to listening to different points of views, be alert to identify blind spots, be flexible to adjust the planning, be determined when you have to make a tough choice and take calculated risks for leading the organization in the right direction and improving business ]agility, intelligence, and innovation.


Post a Comment