You better verify: play your external perspective to the maximum
In today's business world, the importance of supervisory boards has increased significantly. A supervisory board improves decision making, inspires, or critically questions the status quo. Regardless of the kind of board such as “classic” boards in public companies, advisory boards, shareholder committees or other governing bodies on a voluntary basis: positions like these are accompanied with large responsibilities, which go beyond many statutory corporate governance statutes.
Tasks and details of a supervisory board’s work are defined by the statutes. Oftentimes, additional supervisory board rules regulate details of the cooperation between management and supervisory board. Everybody who has such a position needs to realise the scope of its work. PJSC’s team works with different supervisory boards on a regular basis. We are well aware of the essentials and support new supervisory board members by focusing on their new jobs.
For experienced supervisory board members, the consulting focus differs: in supervisory board meetings highly complex issues are discussed on short notice. PJSC ensure that all the required information to all agenda items will be provided. Quite often supervisory boards recommend the mandate of our experts on specific issues like M&A transactions or the roll-out of new products in markets abroad.