How to help business school companies build their management style

Investors and consumers are considering an organization’s environmental, social and management or ESG strategies when choosing where to invest, work or buy goods and services. But companies sometimes need additional support in the form of research and training to meet these needs.

The INSEAD Corporate Management Center or ICGC provides this support. INSEAD The main campus, with additional locations in Singapore, Abu Dhabi and San Francisco, is a high-profile non-profit business school outside of Paris.

The ICGC works with companies, nonprofits and governmental and educational organizations around the world – and their leaders and board of directors – to provide research and knowledge to teachers, webmasters and other training materials and corporate management certificates on board or consulting experience. .

ICGC Executive Director Sonya Tatar told Insider: “We receive a variety of requests from organizations and individual board members for specific training solutions.” You can contact us to find a way. “

Seventy percent of board directors are moderate or completely ineffective in integrating ESG with the company’s strategy or management, according to a study by the ICGC and the Boston Advisory Group. Less than half of their boards are thought to be competent and experienced enough to challenge the company’s ESG strategy, and many lack the capacity to provide knowledge, information and ESG control. The purpose of the ICGC is to enable companies to develop high-performance management strategies to meet the needs of investors and create an impact on growing profits, Tatar said.

“We address the latest trends, topics and challenges in corporate governance not only from an academic perspective but also from a practical perspective,” she added.

Here’s an overview of how effective corporate governance strategies benefit companies, the challenges organizations face in building a strategy, and how ICGC can help.

Helping companies overcome management challenges to meet the needs of investors

The boards represent the backbone of the company’s management system, Tatar said. For companies to have a strong management framework, it is important for their boards to be high-performance, responsible, strong and value-added to investors and stakeholders.

Tatar added that pressure from internal and external stakeholders is growing on the boards and corporate governance strategies of companies. A.D. In 2019, 70% of investors’ claims against companies will focus on governance, including board composition, compensation, accountability, electoral rights and changes in management, according to McKinsey and Company.

Accountability and responsibility are often associated with the board of directors, he said, adding that management is linked to the success or failure of the company.

She said the ICGC will help companies with challenges such as expanding board knowledge on new topics such as SGG and digitalisation and developing companies on board and directing the next board of directors. Family businesses often need help setting up many professional boards.

Continued review of management strategies can help organizations respond to these questions and improve practices, encourage employees, increase creativity, and strengthen stakeholder relationships, according to McKinsey’s report.

Provide value-added management resources and education

ICGC works with companies in two models: ፡ አስተዳደር አስተዳደር ፡ ፡ ፡ ፡ ፡ ፡ ፡ ፡ ፡ ፡ IC IC IC IC IC IC IC IC IC IC IC IC IC IC IC IC IC IC IC IC IC IC IC IC IC ICGC has a portfolio of training materials but builds custom programs tailored to the needs and goals of the organization.

ICGC has partnered with the Confederation of European Directors’ Associations, the Ukrainian Corporate Management Academy, the Hellenic Corporate Management Council and the Corporate Governance Communication.

To help companies, the ICGC first learns about the organization’s special needs and decides which program or certification is most appropriate. Developing a custom program involves identifying the organization’s challenges, bringing in INSEAD experts and teachers, and analyzing them with board members and company leaders to determine what is best for the company.

The ICGC provides programs for professionals, research, reports, educational content and case studies, as well as board simulations, feedback on leadership styles, executive training, and peer-to-peer international board exchange programs.

ICGC Certificates include INSEAD Corporate Management Certificate for Board Members Working International. Participants participate in strategic management practices and financial value creation training and write a paper showing how they have learned in practice. There are advanced certifications for those who want to expand their knowledge.

Focusing on governance builds confidence and motivates growth.

Strong management strategy creates value for companies. In 2019 McKinsey & Co. According to the report, it builds strong community and government relations, develops organizations to regulate and regulate government, encourages employees, builds investor confidence, and builds consumer confidence.

Tatar will also enable companies to better prepare and adapt in the future, so organizations and boards are “strong forces of improvement” in the economy market and the ESG landscape.

She said the boards of ICGC companies will help ensure that they have the best of both perspectives, innovators, insights and new trends or regulations – both short-term and long-term. Companies should evaluate the composition, strengths and weaknesses of the board and take action to identify gaps in training, skills or changes.

“We help directors stay ahead of the curve, which is to motivate the administration for good and to motivate organizations to have a positive impact,” Tatar said.