The Board Pathway: Empowering Directors to make critical decisions with certainty
Clarity over all of an organization’s critical information and operations is essential for ensuring the company is not exposed to undue risks.
Board members have a responsibility to govern, direct and monitor key areas of performance and compliance. The differing emphasis of these two areas of organizational performance and compliance responsibilities can result in conflicting pressures on boards, who must balance these roles and give appropriate attention to both.
Directors depend on the materials provided to them prior to the board meeting. These Board Packs contain board papers and reports from the CEO, the CFO and other members of the senior management team as well as any proposed resolutions which are the decisions the Board makes together. For listed boards, there are more reporting obligations which occur during ‘reporting season’, an incredibly busy time during which equity analysts within investment banks, shareholders and stakeholders will consider the company’s performance and its compliance reporting required by the Governance Principles.
Clarity over all of the organization’s critical information and operations is essential for ensuring the company is not exposed to undue risks. As a board member, if you are unsure of how a company’s material documents are stored or how risks are surfaced operationally, can you truly feel confident making decisions?
Introducing the Board PathwayNow board members can have full visibility and alignment over all the information they need to make informed decisions.
The Board Pathway is a digitized framework that captures the company lifecycle led by its board, making it easy for board members, company secretaries and members of management to collaborate, govern and maintain information, and identify critical risks and opportunities.
The Board Pathway provides boards with an intuitive and easy to navigate dashboard to establish and retain optimum visualisation over progress strategies and mitigation of risks.
Within the Board Pathway is a suite of guidance documents, critical for companies and evidencing their corporate governance. This includes an appointment letter and induction program for all new directors, board and board sub-committee charters, board observer protocols, dispute resolution policy, a code of conduct and more.
The key benefits:
- Get complete visibility and accountability over all your critical information - from documents and data, to the people who look after them
- Get instant oversight with an intuitive and easy-to-navigate dashboard
- Get a step-by-step run-through of all the content you need
- Give your company secretariat, governance and risk functions an ideal framework to set your organisation up for reporting and compliance requirements
- Make fair decisions based on real-time data, and be equipped to lead effectively
- Have the control to customise the pathway to suit the needs of your organisation and its people
- Empower your organization to govern, communicate and thrive in the remote digital age
Information governance in the digital ageNow Boards can receive all the information pertinent to their decision-making in a timely way, easy to navigate and well-referenced. They are able to make notes on the Board Pack and ensure that members who are responsible for various corporate actions present to the board, facilitating direct discussion and robust Q&A.
They can ensure that they have full visibility across the organization for which they have legal responsibilities, and that all reporting meets legal standards; that there are no misleading or deceptive statements, and that nothing is omitted which should be included.
The anticipated merger with thedocyard will bring with it the acquisition of Athena Board, complementing the Board Pathway with a dedicated Board Portal software for end-to-end Board Management.