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How good HR practices can save a company

February 4, 2009

The current governance debate is focusing not only on the changes and enhancements that need to be made, but also on the different players who need to have a role in either driving or monitoring governance. Within a company, focus is required from all functions; and we would like to explore here is what the HR function can do to facilitate good governance.

We suggest three main areas of focus for HR. First, HR specialists can set and implement a framework for executive pay. Second, they can drive performance evaluation beyond the corporation and into the board room. Third, they can ensure that there are good systems for succession planning.

Also read: World's 10 best companies to work for

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