This is Part 3 in a 3-part series into What Makes a Great Board of Directors Who Lead From Their Heart, by Leading Safe & Healthy Work. This week I’m giving you 3 RED FLAGS that will help you identify, as part of your governance role, that your culture may not be as healthy as you think
When it comes to health and safety reporting there is no blanket template. All businesses have different needs, and you want to make sure to be monitoring what matters to your business. The key to your reporting should be to give you confidence that you’re controlling risk and highlight how health & safety activities are creating value in your organisation. Today I break down the purpose of lead and lag health & safety performance indicators, and how each of them should be used in your reporting.
Today we look at how the requirement to draft accountability maps and statements and the deferral of executive variable remuneration under the Banking Executive Accountability Regime can be applied to WHS governance – accountability maps can be a foundation piece in your WHS governance framework and help officers understand who does what; and while the BEAR requires the deferral of executive remuneration, it means very little if WHS is not included in the assessment of overall business performance.
Technically, a director joining a board today will not be responsible for decisions made prior to their joining. However, problems may arise in the future as a result of those earlier decisions. There are plenty of tools out there to assist Directors in conducting their due diligence before joining a board, but very little on what to look for in terms of workplace health & safety. So, when you are actively seeking to join a board of directors or you have been approached to join a board, there are a few things I suggest you should consider.
This week I provide a summary of the Workplace Safety Futures report. The report highlights new technologies and ways of working that introduce new risks and challenges for WHS and workers’ compensation, but also have the potential to make work safer and reduce workplace injury. Every business leader should be aware of these trends as they will influence your business in some way or another.