professionalization of the Supervisory / Non-Executive / Advisory Board
The professionalization of the Supervisory / Non-Executive / Advisory Board is crucial for the quality of its work. Various new regulations on ESG matters, data protection, whistleblowing and supply chain (scope 3) labor conditions, to name a few, need to be tackled either directly or at least indirectly in B2B settings upon corporate customers’ compliance demand. Further more to come in the near future, as can be seen e.g. from current discussion on implementing SOX-like accountability structures for Cyber Security and IT-Systems: As this is discussed e.g. within ISACA, it shows that (personal) accountabilities are likely to increase for those in charge of a company.
Increasingly, supervisory board members and management board members are also held personally liable if, for example, corporate structures do not allow timely risk identification and compliance assurance.
One Example is the implementation of a Compliance Management System in line with ISO 37301:2021: this international standard is applicable to “… all types of organizations regardless of the type, size and nature of the activity, as well as whether the organization is from the public, private or non-profit sector.”
Conversely, it is precisely the establishment of timely structures and operationalization, e.g. in the implementation of effective compliance and corporate governance, that can have a penalty-reducing effect for board members and CxOs.
We provide support such that utilizing digitalization and professional change management, a healthy and sustainable implementation of relevant Compliance, ESG / CSR, Finance and IT measures can be made.
Board Services
For the last 25 years, we have been providing professionalized board services