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Deborah E. Wallace
Principal
Wallace Consulting
Board Advisory Services
Phone:
781.259.0550
Cell: 617.875.7069
Fax: 781.459.7999
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Board Governance
Wallace Consulting, Board Development, and Board Advisory Services
specializes in Board Governance.
Interest in governance in for-profit as well as nonprofit organizations is
pervasive and growing.
While every organization has its own specific reasons for reassessing and
altering its governance policies, there are two main reasons that explain
such a widespread interest in improving governance. The first and more
obvious is the recent rash of corporate scandals, which has lead many to ask
such questions as, How could the boards of the companies involved not have
known that this was happening? Do these boards know what their fiduciary and
ethical responsibilities are? The second reason is an increasing body of
research from around the world that links good governance with good
performance.
Despite the fact that the subject of board governance is so pervasive, there
are many organizations struggling to define what governance is. Without a
basic definition, assessing governance policies in any meaningful way and
having a clear understanding of the board’s role and responsibilities (vis a
vis the role of management) is impossible.
At its most basic level, governance provides the structure and mechanisms
through which major organizational decisions are made. Good governance is
adaptive; it can adjust as necessary to major organizational change. It
results in good financial performance for shareholders and in
mission-critical successes for non-profits. Good governance has implemented
specific processes for holding the board and the CEO accountable. It has
explicit guidelines for recruiting new board members and for maintaining a
balanced board.
Wallace Consulting and Board Advisory Services can provide a range of
services that will ensure sound governance practices in your organization.
Among these services are:
 Comprehensive assessment of current governance practices in context of
organization’s strategy
Prioritization of recommended actions, business case for change and roadmap
for change
Analysis of board composition and structure
Evaluation of
board, individual Directors and CEO
Skills for managing conflict and difficult board members
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