As leaders and decision-makers, boards of directors play a crucial role in governing organizations. However, the scenario is not always harmonious. Let's explore the types of conflicts that can arise in this context and how to address them:
๐ญ. ๐ฉ๐ถ๐๐ถ๐ผ๐ป ๐ฎ๐ป๐ฑ ๐จ๐ป๐ฑ๐ฒ๐ฟ๐๐๐ฎ๐ป๐ฑ๐ถ๐ป๐ด ๐๐ผ๐ป๐ณ๐น๐ถ๐ฐ๐๐:ย The main shareholder and the CEO in conflict over vision and understanding. These conflicts are inevitable, and board members must identify and resolve them internally. The board chairman plays a vital role here, leading the board towards value creation.
๐ฎ. ๐ข๐๐ป๐ฒ๐ฟ๐๐ต๐ถ๐ฝ ๐๐ผ๐ป๐ณ๐น๐ถ๐ฐ๐๐:ย Disagreements between shareholders and family members can destroy value. Board members must work to prevent these conflicts from contaminating management. The perception that battles should not harm the company is crucial.
๐ฏ. ๐๐๐ต๐ถ๐ฐ๐ฎ๐น ๐๐ผ๐ป๐ณ๐น๐ถ๐ฐ๐๐: The "emperor of all evils" of corporate governance. Financial scandals, fraud, and corruption have roots in ethical conflict. The manifestation of conflicts of interest and proactive board decision-making are essential to eradicate this cancer.
๐ฐ. ๐๐ฒ๐ต๐ฎ๐๐ถ๐ผ๐ฟ๐ฎ๐น ๐๐ผ๐ป๐ณ๐น๐ถ๐ฐ๐๐: Although they may seem less harmful, these conflicts disrupt board dynamics. Board members must be vigilant and take action to maintain harmony. In summary, boards of directors should be spaces of wisdom, balance, and sound decision-making. When facing conflicts, remember: each battle won is a step towards the prosperity of the company and society.
In future posts, we will bring real and effective approaches that Terus Consultoria has used for conflict resolution and alignment of the Board of Directors for business development, cash flow, and valuation.
"๐ง๐ฒ๐ฟ๐๐, ๐ถ๐ป๐๐ฒ๐น๐น๐ถ๐ด๐ฒ๐ป๐ฐ๐ฒ, ๐ฎ๐ฑ๐๐ถ๐๐ผ๐ฟ๐, ๐ฐ๐ผ๐ป๐ฐ๐ฟ๐ฒ๐๐ฒ ๐ฐ๐ฎ๐๐ฒ๐, ๐ฎ๐ป๐ฑ ๐ฑ๐ฒ๐ฐ๐ถ๐๐ถ๐๐ฒ ๐ฎ๐ฐ๐๐ถ๐ผ๐ป๐!"
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Ricardo Vitale
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