What Does it Take to Keep a Company Alive and Well for Decades?

Boardwise is honored to have been interviewed for an article published by USA Today last week that explores the ways to sustain a successful business in the face of constant changes. 

BoardWise says long-term success requires a balanced approach to both governance and management.

Innovation and entrepreneurial ideas help birth businesses in many areas and industries. Yet, to achieve sustainability, organizations need human intelligence in management and governance to keep a strong logo alive and valued.  

New expectations and technological advancement have created opportunities and shifts for business management and corporate governance. Managers and boards now require new tech skills to direct their organizations on embracing and leveraging technology.  Nevertheless, human intelligence and experience remain the main driving force of businesses.  

To this end, organizations have to get it right. An organization that intends to reach its peak must ensure its executive team and board collaborate and constantly perform at their best. This is the only way to continue achieving corporate goals and objectives while ensuring sustainability and consistency.  

With 42 years under its belt, BoardWise believes wisdom is the answer to long-term success. BoardWise helps businesses bring wisdom to management and corporate governance and assists executives and board members. The company helps them learn to manage, lead, and govern better. With clients in more than 53 countries, BoardWise understands the best practices that fit with cultural and regulatory perspectives. 

Learn more about the insights Boardwise partners offered in the article about future thinking on business longevity.

https://www.usatoday.com/story/special/contributor-content/2023/11/15/what-does-it-take-to-keep-a-company-alive-and-well-for-decades/71594667007/

   How is Your Board Handling Greenwashing?

 Adding to the list of duties in corporate governance,  now boards must ensure directors are adequately trained and prepared to identify and address possible greenwashing within their organization.

The Chartered Governance Institute UK & Ireland (CGI) has published a helpful report, "Tackling greenwashing from a governance perspective". The CGI's report states that ‘organization-level governance factors have been demonstrated to be more important for the avoidance of greenwashing than country factors; e.g., public scrutiny.

If you are required to make disclosures, make sure  you use reputable reporting frameworks and ensure  your targets are science-based. Perform a materiality analysis and select relevant and specific metrics for your key performance indicators (KPIs).

Be transparent in your claims and disclosures and avoid vague claims or claims that solely focus on the good without recognizing the challenges faced by your organization in addressing relevant environmental issues.”  For more information, contact: LEXOLOGY.

  In this special time of thanks and gratitude, we wish you all a wonderful Thanksgiving!