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How Companies Can Achieve Effective Board Governance, Stakeholder Engagement, and NGO Partnerships | Alice Korngold

Huffington Post

In researching companies that lead the way in global problem solving, I observed three important success factors: effective corporate board governance; stakeholder engagement; and collaboration with other companies and NGOs/nonprofits. The motivation for multinational corporations to find solutions to the world's greatest challenges is that companies benefit -- while improving the world -- by reducing costs, mitigating risks, and increasing profits. I contend that one of the best ways for businesses to develop their leaders, engage with stakeholders, and partner with NGOs/nonprofits is by involving their executives and professional on NGO/nonprofit boards -- strategically and thoughtfully.

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