Posts by Mirjam Schöning and Abigail Noble
If designed and managed correctly, a corporate governance board,strengthens, not weakens, the leadership of a social enterprise and helps to ensure the success of the social enterprise.
In last week’s post, we at the Schwab Foundation for Social Entrepreneurship discussed the first step: creating the right governance board for your social enterprise. The focus of this post is on managing the board once it is created.
Mention the term “impact investing” at a social enterprise gathering and eyes widen and enthusiastic words flow. Mention “corporate governance” and it’s likely that those same eyes will glaze over and someone will share a frustrating experience from a board meeting. The Schwab Foundation for Social Entrepreneurship, the Technical University of Munich and the European Business School created The Governance of Social Enterprises: Managing Your Organization for Success, a guidebook for leaders of social enterprises on how to set up a robust corporate governance board.