A company’s value is more than just its bottom line. Today, thriving organizations are taking stakeholder capitalism seriously and realizing the benefits of focusing on long-term value creation, establishing their purpose and considering the societal impacts of their decisions.
It’s more important than ever to meet stakeholders where they are and respond — quickly and earnestly — to these new expectations. In many cases, this means rethinking the governance infrastructure.
In this checklist, we summarize the latest challenges faced by organizations and provide four actionable steps to build a robust modern governance infrastructure that will respond to today’s needs:
- Establishing an intelligence framework
- Integrating data and reporting
- Securing all board and executive communication
- Driving board performance