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Collaborative Leadership: coming together across functional and organizational boundaries to meet shared goals. When management and boards of directors come together, the organization has an important opportunity to create more complete alignment, and forges more effective working relationships between directors and management.
This newsletter is dedicated to the benefits of bringing management and boards together and the advantages it can provide your organization. Collaboration is not a "nice to have" organizational philosophy. It is an essential ingredient for organizational survival and success. In fact, collaboration was one of the top 3 “soft skills” employers looked for in 2016.
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Boards of directors and senior management teams play different roles in leading an organization, with the common objective of supporting the organization’s successful achievement of its purpose. Cooperative boards provide diverse perspectives and input, challenge management constructively, and work collaboratively with management to guide overall organization strategy. Senior management works collaboratively with the board in developing, planning and executing the organization’s strategy, and is accountable for achieving strategic objectives. Read More.
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Transitioning to a distributed leadership model and expanding its leadership team to 70 people across multiple offices and states was a multi-year process, but is already delivering significant benefits to American AgCredit. Read More.
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Effective governance by a strong and qualified board of directors is essential for the success of any business. For Farm Credit and ag cooperatives, whose boards primarily consist of members who may have little governance experience, professional development and training play crucial roles in ensuring they’re prepared for the in-depth discussions and important decisions that need to be made. Read More.
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Businesses today face a plethora of risks, from cyber attacks to workplace injury. To some degree, risk management relies on every employee to do their part with steps as simple as keeping passwords confidential, securing mobile devices and protecting ID security badges. At a higher level, there is a team of individuals tasked with more direct oversight of risk management for the organization.
"Businesses today are far too complex for any one person to hold sole responsibility for risk management," says Larry Lawson, Executive Vice President of Risk Management and Insurance Services with FCC Services. "It’s critical that comprehensive risk identification, protection and mitigation plans are put in place to cover all aspects of the business, and to do that well it takes a cross-functional team."
Central to the team is the person tasked with overseeing the Enterprise Risk Management (ERM) plan. In some organizations, this is a full-time risk management manager or Chief Risk Officer; in others, it’s assigned as an additional responsibility to someone with another primary role. This person works with others in the organization to identify business hazards and risks, develop and implement measures to prevent or reduce the risk of loss, and select the most cost effective means of financing various types of losses. For Farm Credit organizations, the key risk management person also interfaces with FCC Services for all Captive and other insurance processes. In addition, the risk management lead sits at the hub of a team of other leaders tasked with discrete aspects of the ERM plan. Read More.
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Millennial Roundtable at the Learning Conference
It’s estimated that more than one in three people in the workforce today is a "Millennial," passing by Generation X in 2015 and expected to continue to grow in the coming years. The Millennial generation is loosely defined as those born between 1977 and 1995, and are between ages 22 and 40 today. As with all generations, members of the Millennial generation tend to share certain traits that impact their experiences in the workplace: for example, they prefer to work in teams rather than independently, they're technologically savvy and they value feedback. Read More.
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