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What we do
In today’s fast-changing business world, governing a company is complex. Retailers face a barrage of mounting technology, competitive and regulatory pressures in a highly-fragmented market of legacy corporations and insurgent start-ups. In this environment, how do retail companies get most value from having a board of directors? How many retail companies are leveraging board of directors' contributions and oversight to get ahead of the game and manage the risks? More than ever, companies need to get full value from board sessions and corporate governance systems.
We assist retail companies to enhance board effectiveness and corporate governance systems. Our specialists have extensive board experience with many types of retailers from large well-established corporations to smaller high-growth companies, as well as business education backgrounds from leading business schools in Europe and the U.S. We provide the following services:
We assist retail companies to enhance board effectiveness and corporate governance systems. Our specialists have extensive board experience with many types of retailers from large well-established corporations to smaller high-growth companies, as well as business education backgrounds from leading business schools in Europe and the U.S. We provide the following services:
Corporate governance
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Strategic investments
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Board effectiveness
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Incentive compensation
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Creating effective control systems for execution of the company's strategic direction
What you get
Board of director leading practice education
Evaluation of board of director effectiveness, including corporate governance structures, reporting policies and procedures
Enterprise value growth strategies
Detailed enterprise value analysis - EP & EV drivers
Capital raising options and implications
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Workshop and planning reports - vision and plan
Key performance indicators and targets
C-suite incentive compensation plan design (option)
Senior leadership team buy-in and training about effective board presentations
Environmental, social & governance (ESG) / Corporate social responsibility (CSR) frameworks
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Our expert
Roland Burgman,
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Impact focus
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Corporate governance services for entrepreneurial retailersThe board of directors' key purpose is to ensure the company's prosperity by collectively directing the company's affairs, whilst meeting the appropriate interests of its shareholders and stakeholders. In addition to business and financial issues, a board of directors has numerous responsibilities - to oversee management, set strategic direction, build community relationships, and establish ethical standards and values. Although the management team develops the strategic plan, it is the board's responsibility to accept or modify the strategic plan and set direction.
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When reviewing these responsibilities, it is important to note that the board as a whole, and not any individual member, has the authority. The board exists only when it is in session and for the purpose of looking out for the interests of the company’s owners. Board committees are an extension of the board, and the board can delegate certain tasks to a committee or an individual but an individual board member has no prerogative; for example, it would be inappropriate for a board member to walk in to a manager's office and ask to review the books or demand certain changes. Such actions could cause much disruption and are inappropriate. The CEO is the full-time agent of the board and is the only person directly accountable to the board. For effective board operations, these role distinctions are very important.
A well-functioning board of directors can be an invaluable resource to a company but ongoing education about industry and governance trends is critical for board effectiveness.
We have focused on improvements of the corporate governance practices at mediam-sized retailers which owners would like to transfer operational management to CEO and managers team. Within this kind of projects, usually, the following tasks are performed:
A well-functioning board of directors can be an invaluable resource to a company but ongoing education about industry and governance trends is critical for board effectiveness.
We have focused on improvements of the corporate governance practices at mediam-sized retailers which owners would like to transfer operational management to CEO and managers team. Within this kind of projects, usually, the following tasks are performed:
- Analysis of the current state of the company’s corporate governance (the ‘as is’) versus good practice
- Development of a target corporate governance structure (the ‘to be’) ensuring that the proposed recommendations support the objectives of the company’s founder and sole shareholder
- Development of recommendations regarding functioning of key corporate governance principles and management’s control framework with particular attention paid to the effectiveness of decision making and internal control processes
- Development of a prioritized action plan of changes (roadmap) to be implemented in order to bring the company in line with the founder’s vision for future growth
- Industry-expert's consulting supports within the Board
Insights & Thoughts
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