In Times of Turmoil, Check In on Governance

Creating the governance environment for leaders to flourish - with purpose, impact and action.

This newsletter aims to stay connected and to share practical governance ideas and solutions that I hope you find helpful, interesting, and worth sharing. However, feel free to unsubscribe at any time.

What I have been thinking about lately:

  • Spring break (starts mid-March here) - I have meaning to make plans to do something fun with my youngest. Ideas yes; no firm plans yet. Procrastination alert.

  • Current affairs - I have been diving into multiple sources of Canadian and international news and social media rants. Feeling the need to pull back for better balance and sanity.

  • Reconnecting - I haven’t been reaching out much in the last couple of months. You might have noticed 🙂. Its March already! Time to connect with my friends & contacts and to meet new people. Introduce me?

Governance Focus During Turmoil

Uncertainty is the new normal. Tariffs, economic instability, and geopolitical shifts are creating waves that boards and executives must navigate. In times like these, it becomes more important that your governance framework and processes are fit for purpose.

When the pace of change accelerates, governance must be streamlined. Boards should focus on critical issues and eliminate anything that does not add value. This means reassessing governance structures, decision-making processes, and reporting requirements to reduce wasted effort and ensure clarity.

Where to Start? Reassess and Refocus

A well-functioning governance framework ensures directors and executives spend their time on strategic priorities. Leaders should take a fresh look at their governance model and ask:

  • Are we focusing on the right issues?

  • Are we duplicating efforts?

  • Is our decision-making process robust, efficient and clear?

Here are two key areas that often need reassessment:

1. Committee Work

Committees play a crucial role in governance, but they can also become redundant or overly bureaucratic or lead to inconsistent approaches. This becomes especially apparent when critical topics are being discussed at the board and in multiple committees.

  • Do all committees have a clear mandate and purpose?

  • Are some committee discussions duplicating board-level conversations?

  • How are we aligning our decisions and approach across the board and committees?

Revisiting committee charters, meeting agendas and committee activity can build transparency and free up valuable time for directors and management.

2. Board Reporting

The volume of information flowing to boards has grown significantly. More reports do not necessarily lead to better decisions.

  • Are directors getting the right information at the right time?

  • How robust in our scenario planning?

  • Could board materials be more focused on strategic issues rather than operational details?

  • Are meetings structured to prioritize critical discussions?

Simplifying board materials, reducing unnecessary reports, enhancing scenario planning and structuring agendas around decision-making and high-value topics can improve efficiency.

The Outcome: More Focus, Less Waste

By reassessing governance frameworks and processes, leaders can reduce inefficiencies and ensure governance efforts are focused where they matter most. Streamlining governance doesn’t mean reducing oversight—it means making oversight more effective.

Uncertainty demands agility. Now is the time to ensure governance is helping, not hindering, the organization’s ability to adapt and thrive.

Let me know if I can help.

RECENT ARTICLE ON MY WEBSITE:

 Scenario: A Director is Caught Off Guard.

BOARDROOM BREAKTHROUGH: Exploring boardroom missteps and how to course-correct.

Governance is often complex, and when reporting expectations are unclear or key issues aren’t being proactively addressed with the board, directors can find themselves without the information they need or expect.

Free Guide: Why the Board May Reach into Management Areas of Responsibility

This guide helps management better understand why boards of directors, typically focused on governance, sometimes delve into operational matters. It highlights the reasons behind such involvement and offers constructive strategies to address these situations effectively.

You can download the guide HERE.

Or email FREE GUIDE to [email protected].

I hope that you find it valuable. I’d love to hear your feedback or suggestions for improvement. Feel free to share the guide with your connections.

Governance Articles & Tools I Found Interesting:

How We Can Work Together:

💥 Governance Coaching - Mentoring and guiding clients through governance options, questions, and challenges.

💥 Board Report Assessment Package - Improving board reporting to provide directors with better information for decision-making and to demonstrate value.

💥 Presentations: i.e. "Navigating the Grey Zone Between Management and Board" - Presentations and workshops on the role, relationship and dynamic between management and directors.

💥 Governance Services - Helping you with your governance enhancements and boardroom improvements.

👉 Call 250-588-3819 or 📧 [email protected] to learn more
Giving Back by Supporting Non-Profits: Is your organization improving the world on a tight budget? Each year Puimac Consulting Ltd. provides a number of presentations pro bono. Non-profits with limited budgets can inquire for more information and on availability.

Referrals are always appreciated! Feel free to share this newsletter - my services may be exactly what they need right now.

Puimac Consulting

Committed to helping boards and management teams use their time more effectively and work more collaboratively. Clarifying roles, enhancing reporting, and fostering meaningful, results-driven discussions. Prioritizing practical tools and tailored strategies over generic best practices - for immediate, impactful results in the boardroom.

About Patricia Bood

Leveraging her experience as an executive, general counsel, corporate secretary, and director as well as advanced governance training, Patricia Bood, CEO of Puimac Consulting, brings a unique perspective to bridge the gap between management and the board. Patricia understands management challenges and director frustrations and how organizations actually operate. Her expertise uniquely positions her to support organizations with stakeholder-appointed boards or those overseeing large investment funds.
  • Executive roles - SVP & General Counsel - British Columbia Investment Management Corporation & Brookfield Renewable Energy Partners

  • Director roles – BC Passenger Transportation Board; Clean Prosperity; Project Change Foundation; InTransit BC (Canada Line); Association of Corporate Counsel, BC Chapter; Esquimalt Seniors Community Centre Society

  • Degrees & Designations - B.A., LLB, ICD.D (Independent Corporate Director), GCB.D (Competent Board ESG)

Let’s keep in touch.