The XCEO Integrated Board Leadership Process provides the Corporate Governance Committee, and the full Board, an improved methodology to develop and maintain a highly effective Board. This process will help mitigate risk and enhance the oversight of the organization's strategic direction by integrating internal and external Corporate Governance support services in a similar manner as Compensation and Audit Committees.
For example, the Audit Committee regularly partners with the financial organization and external auditors. The compensation Committee frequently partners with the human resources organization and compensation consultants. However, while the Corporate Governance and Nominating Committee regularly partners with the Board Secretary, it partners with non-management resources, such as lawyers and executive recruiters, infrequently for a subset of its responsibilities.
Like most effective organizations, the Board's ultimate success is dependent on the performance of all of its parts. Therefore, no single committee is likely to be successful without the full support of the Board. Likewise, it is doubtful that a board will be successful if its committees are not successful. In other words, no Board, or committee, is an island unto itself. All elements of the Board infrastructure must work together effectively in order for the board to achieve a high level of leadership performance.
The Integrated Board Leadership Process is designed to assist the Corporate Governance Committee, and the full Board, in developing or maintaining a highly effective Board which is profoundly positioned to mitigate risks. This process should incorporate corporate governance partners, similar to the compensation and audit committees.
The XCEO integrated Board leadership process provides a thoughtful way and exciting opportunity for the Corporate Governance and Nominating Committee to broaden its base of support for the Board. This process includes the use or our products and consulting services, and can include succession planning, board risk oversight and leadership development services.