Pillars of Cannabis Governance: DIVERSITY

The best ideas are generated and executed by diverse teams. These teams are highly successful because they include individuals with various backgrounds working together pursuing a common objective.  Similarly, some of the best, well vetted, and most profitable strategies are spawned from diverse boards.

Different people experience the same situation differently, therefore diversity at the board level means the inclusion of talent that is different yet complementary; talent that is packaged in various shades, shapes, and sizes, and that is present in various cultures, ethnicity, sexual orientation, and gender.

Diverse thoughts, skills, backgrounds, and experiences at the highest level of decision making will help cannabis companies build and sustain a competitive advantage in this global economy.

Shelley Albert, Director, AG Governance Consultants

www.aggovernance.com

Stand Up to Scrutiny with Cannabis Governance

As the cannabis industry experience explosive growth and the investor base morphs from retail to institutional, scrutiny becomes global and information transfer instant.  This will intensify the pressure on cannabis companies to have proper governance infrastructure in place.  

Institutional investors demand proper governance and at times take action to bring such demands to fruition.  By being transparent, independent, diverse, and responsive, Boards will be better equipped to ward off cynics and activist investors.  

The winners in the cannabis industry will be those with systems and processes in place that garner the support and confidence of both retail and institutional investors.

Shelley Albert, Director, AG Governance Consultants

www.aggovernance.com

Cannabis Governance = Emotional Intelligence for Cannabis Companies

Cannabis governance is emotional intelligence for the cannabis industry.  It facilitates a high level of awareness and responsiveness to a company’s internal and external audiences.

Cannabis governance employs the principles necessary for cannabis companies to be transparent and accountable. This leads to improved regulatory compliance and greater social responsibility engagement.  Given the strong correlation between corporate social responsibility and profitability, a company is much better positioned to financially outperform its competitors once cannabis governance is adopted. 

Shelley Albert, Director, AG Governance Consultants

Cannabis Governance: Corporate Responsibility

Cannabis organizations are operating in an increasingly complex external environment where scrutiny is global and information transfer is instant.  Leaders of these organizations can protect their people, assets, and reputation by being good corporate citizens.  This can be achieved through strong boards, good governance practices, and transparent leadership with unquestionable accountability.

AG Governance Consultants help small to medium size organizations develop strong and effective governance fundamentals so they can successfully deliver on diversity, transparency, and accountability.  We provide advice and assistance in the development of rules, practices, and processes by which a company is directed and controlled.  Our solutions are customized to fit your needs and your budget.

Shelley Albert, Director, AG Governance Consultants

Why Care About Cannabis Governance

You should care about cannabis governance because if your cannabis organization gets corporate governance right, you enhance your reputation and brand thereby leading to greater business opportunities.  Companies that get it wrong face the risk of regulatory fines, suspensions, damaged reputations, and shareholders’ activism.

In today’s ultra-competitive marketplace, progressive companies are allocating more resources to their governance structure because good governance facilitates transparency, accountability, and ethical decision making. This builds trust and enhances investors’ confidence in the organization’s leadership.

Shelley Albert, Director, AG Governance Consultants

Cannabis Governance: Winning at Cannabis

Winning in the cannabis business involves more than just turning a profit and meeting the minimum regulatory requirements.  Good corporate governance is essential for winning in the cannabis space.

Irresponsible use of legal cannabis by a few is inevitable and may result in harm to society.  The manner in which cannabis companies respond to such incidents, and their level of participation in resolving those issues will determine the future of the industry in Canada.  Transparency, unquestionable accountability, and corporate social responsibility are vital in removing the stigma associated with cannabis and securing the longevity of the industry.

Shelley Albert, Director, AG Governance Consultants

Cannabis Governance a MUST, Not an Option

Recreational cannabis will be legal in Canada in less than a week. The next step for cannabis companies is to protect their investment by maintaining their license and reputation through good governance practices.  

As the general population adapts to new norms surrounding a controversial industry, cannabis insiders should be taking pre-emptive measures to gain and maintain Canadians’ confidence that a legal cannabis industry will be a net benefit to society.  Going above and beyond in terms of good corporate governance will help to elevate the industry’s standing when it comes to credibility and accountability.  Proper governance will also alleviate the government’s need to micro manage the industry on a continuous basis. 

Reach out today to schedule your no obligation consultation!

Shelley Albert, Director, AG Governance Consultants

Cannabis Governance: Maintaining Investor Confidence

Good corporate governance is essential in order for cannabis companies to weather the extreme volatility surrounding cannabis stocks in the capital markets.  As the cannabis industry experience explosive growth and the investor base morphs from retail to institutional, the pressure to have proper governance infrastructure in place will intensify.  Institutional investors demand independence, transparency, and accountability from Boards and at times take action to bring such demands to fruition.  Having a proper governance structure in place helps to ward off disruptions by activist investors.  The winners in the cannabis industry will be those that are able to put systems and processes in place that garner the support and confidence of both retail and institutional investors.

Shelley Albert, Director, AG Governance Consultants