Wellington Management Private Investing’s Post

One of a CEO’s most important responsibilities is to create enduring value for shareholders. However, history shows how elusive that ambition is. Only 15 percent of the companies on the Fortune 500 list 50 years ago are still there today. Many once-iconic businesses ended up shutting down or being acquired because their leaders failed to address risks that they deemed insignificant, unlikely, far off in the future—or ones they didn’t see at all.

Risk management is crucial for smooth daily operations, yet many organizations struggle to recognize and manage their risks effectively. Janet Zelenka, EVP, CFO, and CIO of Stericycle, a global services waste disposal and compliance company, has a three-pronged approach when it comes to managing risk for this $2.7 billion company: 1. Know where your shareholder value lies 2. Be prepared with risk oversight plans 3. Acknowledge the gray rhinos in the room For more on how to deal with these issues (and what gray rhinos mean), please read this article from her talk with us in The Lodis Forum: https://lnkd.in/gRZxYs2W #RiskManagement #Leadership #CorporateResponsibility

Practical Growth Strategies for Every Business Owner: Let’s continue our journey to grow and strengthen your business’s value by exploring the next steps of the Value Maturity Index, the strategic framework designed to profoundly boost your business’s operational and financial dimensions. Our exploration spans five pivotal stages—Identify, Protect, Build, Harvest, and Manage—each critical for fostering a vibrant and dynamic organizational culture. As we progress, these stages propel your company toward unprecedented efficiency, effectiveness, profitability, and long-term sustainability. Read more business insights from Linda Ratner here: https://lnkd.in/gxdSfFke #sawomanmagazine #sanantoniowomen #sanantonio #businessconsulting #BusinessInsights #growthstrategy

I will be publishing my final article in the series of digital transformation and the value of interim managers shortly. This article "Rescuing Digital Transformation: A Case Study in Strategic Revitalisation" is an example of how a failing programme can be turned around and ultimately deliver the benefits required. Focused action in a challenging situation is needed and sometimes this is easier said than done.

An Interview on Building Organizational Resilience: A Board-Level Priority In Today’s Challenging Times Boards of directors play an important role in helping companies navigate economic uncertainty. Collaboration among CEOs, boards, and owners helps effectively manage today’s complex business environment. The CEO of Norges Bank Investment Management (NBIM), Nicolai Tangen, and Frithjof Lund, a senior partner with McKinsey & Company, discussed the need for effective organizational resilience during the company’s Thrive Resilience Summit. They discussed how boards can go beyond responding to short-term challenges and move toward identifying opportunities for resilient growth. Read: 🔗 https://lnkd.in/d93UK34T #CorporateResilience #StrategicManagement #UncertaintyManagement

The strength of an organization's #board is a key determinant of its sustainability. If you’re ready to take your #business to the next level, consider the power of an advisory board and how they can contribute to taking a business to the next level. 🚀 🌟 Strategic #Guidance: Seasoned advisors easily navigate complex challenges and provide strategic direction honed through their own triumphs and trials. So, learn from their wisdom to sidestep common pitfalls. 🌟 Expansive #Networks: Advisory board members offer a vast network of connections. From forging lucrative partnerships to securing key clients, their connections can open doors you never thought possible. 🌟 Enhanced #Reputation: Respected advisors elevate your company's stature with the endorsements. Their association lends credibility and trustworthiness to your brand, bolstering its reputation in the market. 🌟 #Risk Mitigation: Board advisors have the ability to predict and prevent potential risks from developing into major crises. Leverage the advisors' experiences to craft robust risk management strategies and safeguard your business interests. 🌟 #Talent Magnet: An advisory board with industry luminaries always attracts top-tier talent. Their presence signals to prospective employees that yours is a company worth joining and growing with. 🌟 #Innovation Catalyst: Stay ahead of the game with a steady flow of innovative concepts and plans. Let your advisors ignite innovation and creativity, propelling your business to the forefront of your industry. 🌟 #Accountability Partner: Stay laser-focused on your goals with the unwavering support of your advisory board. They will hold you accountable, ensuring you remain steadfast on the path to success. 🌟 Collective #Problem-Solving: The brainpower of an advisory board helps to confront challenges head-on. So, harness their collective wisdom as a sounding board for effective problem-solving and decision-making. 🌟 Long-Term #Vision: Shift your gaze beyond the immediate horizon and towards long-term strategic planning. With an advisory board, chart a course for sustained growth and prosperity. #JumaBeljaflah #HRChief #AdvisoryBoard #BoardofDirectors #AdvisoryBoardAdvantage #BusinessSuccess

Confronting crisis and embracing opportunity: Ongoing global crises and other developments will challenge companies and boards in 2024.  Enjoy the most recent piece of thought leadership from our Center for Board Matters. In brief * An uncertain economic, financial and geopolitical climate persists as new opportunities emerge. Both discipline and transformation are required. * Economic conditions, capital strategy, cybersecurity and data privacy, emerging technology and the talent agenda are at the top of the 2024 board agenda. * Boards are leaning in and guiding companies to make rapid values-aligned decisions in a volatile environment. 

Board Evaluations: One Step Forward, One Step Back A new Korn Ferry report finds that more boards are disclosing information about the annual evaluation process. But fewer of them are conducting individual director assessments. https://on.ft.com/3W9fi9l

The Great Digital Shift, growing technology complexities, and associated risks are on the minds of Internal Audit leaders this year. Find out what your peers identify as the top emerging risks and challenges in the Jefferson Wells 2023 Internal Audit Priorities report. Download your copy! #JeffersonWells #InternalAudit