I think some of the larger, systemically important organisations should either have a balance of trustees and/or a board of advisors who have relevant mission critical experiences such as risk management, legal and compliance, depending on the nature of the organisation. I appreciate senior executives and trustees in these organisations do seek such advice; but often it is too opaque who they consult and which area the advice covers; and there could be a lack of accountability and risk of the advisors lacking sufficient knowledge themselves.
I have raised this directly a number of years ago but perhaps still inadequate. As noted by others this becomes more important as we get bigger.
Ps I don’t post much and not as accurate with my choice of words as other forum users.
Can confirm that Luke was a huge proponent of this from our interactions from ~2016 – ~2019. It’s one of the primary reasons Rethink Charity created and maintained our governance structure, which I thought was only moderately good but likely above average relative to what I’ve seen and heard about in the community
I think this is a very helpful post.
I think some of the larger, systemically important organisations should either have a balance of trustees and/or a board of advisors who have relevant mission critical experiences such as risk management, legal and compliance, depending on the nature of the organisation. I appreciate senior executives and trustees in these organisations do seek such advice; but often it is too opaque who they consult and which area the advice covers; and there could be a lack of accountability and risk of the advisors lacking sufficient knowledge themselves.
I have raised this directly a number of years ago but perhaps still inadequate. As noted by others this becomes more important as we get bigger.
Ps I don’t post much and not as accurate with my choice of words as other forum users.
Luke, I completely agree. In fact, I’m trying to do something about it.
Can confirm that Luke was a huge proponent of this from our interactions from ~2016 – ~2019. It’s one of the primary reasons Rethink Charity created and maintained our governance structure, which I thought was only moderately good but likely above average relative to what I’ve seen and heard about in the community