The Cost and Benefits of Corporate Governance
with BoardGrowth

 

What are the cost and benefits of corporate governance improvement programs? What does improving corporate governance mean to you?

The cost is the time you take away from something else in your life. The cost of access to learning is trivial by comparison. As a director, you are no doubt already over committed. Well, then, is it worth your somehow finding the time?

Let’s examine the easily attainable benefits from a commitment of say 3 hours per month:

• You will no longer wonder if the board is making mistakes, is micro-managing, is failing to add value
   
• You will avoid being a drag on the speed with which the organization moves forward
   
• You know how you can add value to the organization; not just insuring that it makes no mistakes
   
• You will know the true condition of the organization
   
• You will achieve accountability for results from management
   
• You no longer are confused in meetings; knowing when and when not to change policy or direction
   
• You feel a sense of accomplishment. The time you give up is worth it.
   
• You will enhance the ratings of your company’s stock by analysts and/or to reviews by external regulators

When we examine the cost and benefits of corporate governance progress - the benefits far outweigh the costs.

The costs of not improving corporate governance are continued dissatisfaction and underperformance in your organization. In the end, a corporation will only improve performance at the rate which the board improves its governance.

Board of directors mistakes come in two forms: not acting when you should and acting when you shouldn’t. Not acting when you should comes from not knowing the true condition and meaningful trends. Acting when you shouldn’t may come from the same source or not knowing your proper role (e.g. micro-managing).

Understand the cost and benefits of corporate governance through proven resources.

By becoming a member here, you will receive:

• Concise, easy-to-understand papers of your role and your organization’s condition. For each responsibility, it also offers tools for boards of directors to immediately improve performance. Included are tools to assess your individual and board performance so you get the greatest benefit from time invested.
• Access to a faculty of experts in each area of your role to quickly answer the specific questions you have as a director. No time wasted searching for the answer---just click and ask. You will also be able to view the questions asked by other directors and the responses of our faculty.

Our commitment is to honor your valuable time, provide just what you need, let you direct your own learning and give you tools boards of directors can put to work right away.

So, what are the cost and benefits of corporate governance?

Well, what are the costs of not improving? What are the costs of endlessly searching the Internet or books for materials to help you? What are the costs of wading through pages of material that add no value in order to find the kernels that do? Finally, what are the costs of your unanswered questions?