As we welcome the dawn of a new year, it’s time to set our sights on what lies ahead for our organizations and their governance. With the changing dates comes a plethora of new opportunities for strategic shifts, system and process enhancements, as well as potential changes in human capital. It also marks a pivotal moment for Boards to address their most pressing governance agenda.

At AkiraConsult Limited, we relish the promise and potential that comes with new beginnings. It’s a chance to reimagine our approach, rewrite our narratives, and forge new paths forward.

For governance professionals, this is the ideal moment to kick-start a transformative year for the organizations and Boards we serve. Here are several ways to chart a different course for the Board in 2024:

1. Is this the year to establish a Board for your organization? Whether it’s assessing readiness or developing a corporategovernance framework, 2024 could be the year to lay the groundwork for this crucial step. Our ‘Debunking Board Myths’ article can guide you through the process.
2. Consider evaluating your Board’s composition, implementing board rotation, succession planning, and diversifying membership to elevate board thinking. Start by creating a skills and diversity matrix tailored to your entity and industry—it will serve as your compass.
3. Drive with a Work Plan: It’s time to devise and adhere to a board work plan. A plan acts as a guide, while disciplined execution yields tangible results. Focusing on essential activities should be the order of the day.
4. 2024 should be dedicated to upskilling and training Board members. It’s an intelligent investment that will undoubtedly yield significant results. Seek feedback from members and review past discussions to pave the way forward.
5. This year demands putting the Board’s house in order. Maintain up-to-date records and registers—they are not just good to have, but crucial for compliance.
6. Make this the year you manage the Board Performance. @AkiraConsult, we can design a Board review similar to a Board Evaluation or a Governance Review similar to a Governance Audit. These performance and health checks are deathly important as it is always better to deal with symptoms than cure a disease. We promise collaboration and ease and dare we say, a painless experience.

For governance professionals and Boards, the goal for #2024 should revolve around elevating operational standards. Let’s grow and elevate together. The organization, its stakeholders, and the planet await to see what this year has in store. As always, we are committed to walking this journey with you every step of the way. Call us, we are back to default work settings! 😎