Advisory
Amongst some of the challenges associated with ineffective Board Leadership are the following:
- Corruption in its various shapes and forms;
- Failure to attract quality investors, both local and FDI’s;
- Poor risk management; and
- Poor Board and Director oversight.
These challenges, more often than not, result in severe losses in organisations. In State Enterprises and Parastatals, non-compliance with some of the provisions of the Public Entities Corporate Governance Act attract severe sanctions for Boards and Senior Management. In order to minimize these losses and sanctions, Business Leadership Advisory Services need to be sought.
BLZ is ready to partner organisations in minimising these losses and sanctions.
The Board Leadership Advisory Services on offer are detailed below.
Governance Instruments
BLZ has the requisite capacity to develop the following bespoke governance instruments for organisations:
- Board Codes of Ethics;
- Board Charters;
- Board Codes of Conduct;
- Board Manuals (Induction Manuals, Governance Manuals, CSO Self – Regulatory Framework Manuals, Enterprise Risk Management Manuals, etc.);
- Director Terms of Reference (TORs)/ Contracts; and
- Board Committees TORs
Board Leadership Surveys / Assessment of Board Leadership Practices
Having high - impact board leadership is every investor’s dream – high impact not only in the entity’s governance compliance matters but also in the entity’s ability to deliver against its mandate, whether it is financial success of the entity and/or success in the provision of basic services such as water, electricity, telecommunications, transportation, health and education.
Instituting Board Leadership Surveys/Assessment of Board Leadership Practices – some form of stocktaking to provide the basis for continuous improvement in the governance of the entity, is a strategic imperative.
Change Advisory
“When the rate of change outside exceeds the rate of change inside, the end is in sight” – Jack Welch
Many entities have gone into extinction globally but also in Zimbabwe precisely because they have failed to introduce needed change fast enough and, where they have done so, they failed to manage the change well. It is part of the Board’s responsabilities to provide transformational leadership to their organisations.
BLZ offers organisations Change Management/Organisational Change Advisory Services.
Enterprise Risk Management Advisory
In this VUCA world, organisations face difficult challenges in responding to rapidly changing and globally pervasive risks. The need to develop, implement, and maintain efficient and effective risk management programmes can, therefore, not be over emphasized. Enterprise Risk Management in an organisation is amongst a Board’s primary responsibilities.
BLZ offers organisations Enterprise Risk Management Advisory Services.
Organisational Culture Transformation Advisory Services
Many Boards strive to comply with the following Codes and legal instruments in their endeavour to uphold good corporate governance practices in their organisations:
- Sarbanes – Oxley Act, 2002 (USA);
- King 1V;
- Zimbabwe National Code of Corporate Governance; and
- Public Entities Corporate Governance Act, 2018 (Zimbabwe).
While striving for compliance is a good starting point, going beyond compliance through interventions to transform the culture of the organisation is a strategic imperative. Aristotle once said “We are what we repeatedly do”. Introducing good corporate governance standards without weaving them into the fabric of an organisation – turning them into a culture for the Board, Senior Management and a critical mass of staff at all levels, will not yield much.
BLZ partners organisations in the provision of Organisation Culture Transformation Advisory Services.