Survival or success? Directors’ Alert: 10 issues for 2010
Health Headlines - March 2010
If you think that this newsletter will include no mention of the “current economic climate”, think again. Oops! I have just mentioned the forbidden words - but I make no apology!
The “current economic climate” has become synonymous with change, and has highlighted stress points for many businesses, with some reaching the point of no return. A few others will not survive the coming months; however most will manage to scrape through these times, by various means. Fortunately, for the health sector in general, as an essential service, there is a buffer created by the necessity of spend.
The change called for in these times requires strong governance - it is a cornerstone to sheer survival, not to mention accountability to the tax payer.
Deloitte Global recently brought the heads of our governance specialists together to develop a list of what we think are the most crucial issues in the boardroom today. While this is no small task, ten main points were identified and published in Survival or success - Directors’ Alert: 10 issues for 2010.
The key issues highlighted by the article include:
Risk management: How risk-intelligent are you?
Strategy: Approaches for the new economic reality
Liquidity: A new risk to monitor
Executive compensation: Not just dollars and cents, but value
Financial reporting: Mastering the new financial lingua franca
Succession planning: How deep is your talent pool?
Shareholder engagement: Getting engaged - new stakeholder relationships
Board chair: Front and Centre - role of the board chair
Board composition: Building a better board
Board assessments: Ramping up director effectiveness
Please click here to view a full copy of Survival or success - Directors’ Alert: 10 issues for 2010.