Change Management & Corporate Governance
Change Management refers to any approach to transitioning individuals, teams, and organizations to a new state of existence and Corporate Governance is the system of rules, practices and processes by which a company is directed and controlled.
Time to Change?
Change management brings people together to build consensus and alignment in theory. But in practice, change management efforts often come too late in the process and involve trying to sell people on decisions that were made without their input and with which they may not agree. In substance, it becomes an effort to gain consent. The larger problem is not managing change, but generating organizational alignment around objectives, strategy, tools and methods.
The approach for addressing this problem is referred to as governance. Governance depends upon the philosophy of change management. Like change management, it looks at whole systems and advances significant engagement with collaborators. But where change management focuses on “who” and “how”, governance adds the “what” and the “why”. Unlike change management, governance is not a prior chore or event. It is a continuous practice that generates better decisions, more alignment with company’s priorities and more buy-in from stakeholders.
The Board of Directors is pivotal in governance, and it can have major ramifications for equity valuation.The Board of Directors is the primary direct stakeholder influencing corporate governance.
Business Situations We Can Help:
- Find New Partner
- Prepare for New Partner
- Cultural Change
- Systems and Procedures Change
- Increase Company Value
- Top Management Coaching
- Board Consultancy
- Non-Exec. Board Membership