Case study

Guiding year plan process for the board of directors and executive board

2 min read
February 1, 2024
Guiding year plan process for the board of directors and executive board

Challenge

Following a process to improve operational control throughout the organization, there was also a need to enhance the execution power of the executive team and the board of directors.

Task

Analyze the current working methods and collaboration in the executive team, focusing on governance, behavior and leadership. Assist the board of directors in addressing improvement points to enhance execution power by implementing effective governance at the top of Enexis. Use the 2021 year plan process as a vehicle to effectuate change and collaborate with relevant internal departments to develop them in this regard.

Approach

After the analysis, the following improvements for effective strategy execution were successfully implemented:

  • Translate strategy into critical success factors before moving on to KPIs (strategy as a story)
  • Guide the business plan process as a vehicle for implementation in collaboration with internal departments (Strategy and Policy, Corporate Control, etc)
  • Strategically embed the principles of operational control to facilitate further implementation within departments from a clear framework

Results

  • Sharp year plan process with achieved deadlines and a satisfied supervisory board, with operational control strategically anchored
  • Strategy translated into strategy maps for the board of directors and the primary production process
  • Foundation laid for further implementation of operational control from clear, strategic frameworks
Elize Vos
Elize Vos

Consultant

Elize is consultant at Highberg, is an actuary, member of the Actuarial Association and holds the title AAG. She has extensive experience in pension advisory….
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