Governance consulting services are provided by consulting firms and experts to help organizations, whether they are public, private, nonprofit, or governmental, improve their governance structures, processes, and practices. Good governance is essential for the effective and ethical management of organizations. Here are the key components and services typically offered by governance consulting providers:
Governance Assessment: Consultants conduct comprehensive assessments of an organization’s governance framework. This involves evaluating the structure, policies, procedures, and decision-making processes.
Governance Framework Development: Consultants work with organizations to design or refine governance frameworks tailored to their specific needs and objectives. This includes the development of governance charters, bylaws, and policies.
Board Development: Governance consultants provide guidance on board composition, structure, and practices. They assist in board member recruitment, orientation, training, and evaluation.
Corporate Governance Best Practices: Consultants help organizations adopt and adhere to recognized best practices in corporate governance. This may include recommendations related to board independence, transparency, and accountability.
Risk Management: Governance consulting often encompasses risk management. Consultants assist organizations in developing risk management frameworks and strategies, including risk assessment and mitigation.
Compliance and Legal Frameworks: Governance consultants ensure that organizations are in compliance with applicable laws and regulations. They help develop policies and practices that align with legal requirements.
Ethical Standards and Codes of Conduct: Consultants assist in the development and enforcement of ethical standards, codes of conduct, and conflict of interest policies.
Strategic Governance: Governance consulting often extends to strategic governance, aligning governance practices with the organization’s strategic goals and objectives.
Crisis Management and Contingency Planning: In times of crisis, consultants provide guidance on governance practices to ensure that organizations can effectively respond to and recover from unexpected challenges.
Governance Training and Education: Consultants offer training and educational programs for board members, executives, and staff to enhance their understanding of governance principles and responsibilities.
Succession Planning: Consultants help organizations develop succession plans for key leadership and board positions to ensure continuity and effective leadership transitions.
Stakeholder Engagement: Governance consulting often involves strategies for engaging and communicating with various stakeholders, including shareholders, employees, customers, and the community.
Environmental, Social, and Governance (ESG): Consultants help organizations address ESG issues in their governance framework, ensuring responsible and sustainable business practices.
Nonprofit Governance: For nonprofit organizations, consultants focus on unique governance requirements related to their nonprofit status, including board governance, fundraising, and transparency.
Public Sector Governance: In government and public sector organizations, governance consulting focuses on public governance frameworks, policies, and accountability structures.
Conflict Resolution and Mediation: Consultants may assist organizations in resolving internal conflicts and disputes through mediation and conflict resolution techniques.
Governance consulting services are essential for organizations to establish effective governance structures that ensure ethical conduct, accountability, transparency, and the achievement of strategic goals. They are particularly valuable in helping organizations navigate complex regulatory environments and address governance challenges. Good governance is integral to an organization’s long-term success and sustainability.
Service coverage
The variety, breadth, and depth of the projects where Arcus can be a resource are made unique by each client’s specific needs. By providing a very small sample of projects we’ve completed, we can help you understand how and when to use our services. Visit the links below to find out more about a specific problem or opportunity you would like to address.
Below is a sample of the range of services that Arcus has provided to clients.
- A survey of 2,350 consumers and 1,320 business leaders for feedback on sustainability trends
- Architecting a multi-year change strategy for a Fortune 500 company
- Mentoring a CEO on organizational change
- Excellence transformation of a leading B2B services company
- Creating a new sales deployment model for a healthcare company
- Developing a position evaluation and compensation model for a professional medical association
- Improving services to customer segments by deepening their understanding of customer attitudes
“Arcus manages to consistently deliver tangible results on market research and strategy projects. They combine deep business expertise, powerful research capabilities, and innovative thinking to deliver substantial value.”
– Vice President, Nikon