There is increasing pressure on boards of directors to exhibit transparent leadership and protect their organisation’s people, reputation and bottom line. Leadership displayed through tone from the top is key to ensure an organisational culture of integrity and respect.
To fulfil their oversight duties, board members must understand their responsibility as well as their compliance requirements thoroughly enough to ensure its structure and effectiveness. They should be leading the charge to identify and manage emerging issues like strategic risks and hold compliance officers accountable for educating all employees and stakeholders on things like training and awareness.
Boards need to know what’s expected of them from a legal and regulatory standpoint in order to minimise risk of personal liability and reputational risk for businesses they oversee. This includes knowing what to ask and when to ask it.
Managing a board of directors can be difficult. red flare governance simplifies the running of meetings and was designed by Board Directors from the ground-up with the Chairman, Executive Director and other board members and assistants in mind. Through our intuitive, secure, and comprehensive software platform, board member collaboration, record keeping, and document management is simplified.