Boardroom Leadership
Our tiered approach addresses the following areas:
Great Boards Make Great Companies
Candela Solutions works with Boards of Directors to provide guidance, tools and training for governance, risk and compliance issues. Boards are the most important control area any company can have. Strong boards guide corporate governance to the full potential of the company; yet many organizations do not tap into the full power of statutory and advisory boards.
The duty of a statutory board is to protect and represent the interests of shareholders. Shareholders delegate their decision control rights to agents as a more efficient way to ratify and monitor management's decisions. The power of the board to manage an enterprise is effectively absolute.
"Culture" is the Key Ingredient
A board's culture provides the seed for a company's "tone at the top." While cultures will vary depending on industry, company size and operating environments, some compelling cultural traits of efficient and effective boards are:
- Confidence, trust and respect between directors
- A willingness to challenge one another to engage in rigorous debate about important issues
- Quick resolution of conflicts to keep focused on the agenda
- A forum to effectively discuss issues with ample time, yet with the discipline not to get bogged down on issues
