Does better board governance drive business growth?

An interesting blog piece from the Chartered Governance Institute (CGI), which explores governance improvements at Revolut. The UK FinTech has since announced surging revenue growth and profits.

Board governance is often seen as separate from company growth. This article draws a link between better governance and surging growth at Revolut.

Of course, governance improvements were – almost certainly – not solely responsible for Revolut’s spectacular recent results.

But it serves to remind us that modern boards, made up of the best board members, can not only meet governance and compliance requirements but also actively contribute to enterprise value creation.

When we recruit independent Board Chairs and NEDs for VC and PE sponsored businesses, the expectation – always – is that the incoming board member will be able to satisfy the differing demands of key stakeholders (shareholders, founding management team, and the board itself).

Delivering on governance and improving strategic decision-making are both essential. Boards should be value-creation tools as much as the management team, if done right.

To discuss board hiring in confidence, contact the Managing Partner, Daniel Osmer.