Advisory boards seem an obvious way forward for companies run by executives with limited global leadership exposure.

One of the biggest advantages of advisory boards in South Africa is the facilitation of input and advice from wise old heads. In this way, highly respected, vastly experienced managers can make an important contribution to the company and the new South Africa.

Looking for Finance Jobs in Africa -Click here, Signium Africa is a leading executive recruitment company based in South Africa.

At the same time, younger managers and business school graduates benefit from the sort of knowledge not found on an MBA course.

So, where’s the potential flaw?

The pitfall is found in the grey area between advice and direction or between a general observation and a specific instruction.  If an instruction or direction is given, an advisor may be regarded, for legal purposes, as a ‘shadow director’ and that could spell trouble for any advisor who has not taken out insurance to cover the risks run by formal boards of directors in the event of liquidation or fraud.

Rising levels of perceived corruption have sharpened the ethical challenge for those in responsible positions. When the spoils might run into billions, it seems you can be fired for doing the right thing and rewarded for doing what you know to be wrong. How do you stay on the side of the angels, stay in your job … and stay out of jail?

The issue receives growing attention.

Women’s Day is a good time to share a secret … recent events give women executives a big opportunity to fulfil their potential as key contributors to corporate success as they are ideally placed to meet the growing need for a new type of corporate leader.

A spate of organisational failures and mis-steps highlights the shortcomings of power leaders (corporate kingpins who operate on some elevated plane and go unchallenged for years) and self-serving leaders (who do well personally while their operations go to the dogs).

Offering staff opportunities to grow and giving them room to express themselves is key to employee development. This is according to Michelle Moss, director of assessments at Talent Africa (a member of Signium), a company that helps companies in South Africa and parts of Sub-Saharan Africa find talent.

Looking for Finance Jobs in Africa -Click here, Signium Africa is a leading executive recruitment company based in South Africa.

There is a wide range of ways to develop staff, says Moss from employee-focused programmes to encouraging social connections.

Here are Moss's 5 ways, business owners can meet their employees' needs and foster employee satisfaction.

Leadership identification and development continues to be one of the most pressing business issues keeping executives awake at night. Every business has the same aim: success and sustainability. Established routes to this destination include competitive advantage, new technology to improve productivity and product innovation, and cost reduction to secure pricing efficiencies. Without superior leaders, none of this is possible.

Companies progress through a life cycle from seed to start-up, growth to established, expansion to mature, and then to decline and exit, or renewal through invention. In the same way, leadership identification and development progresses through a cycle.

Leadership consulting offers the most suitable answers to these current dilemmas by helping leaders to align their people strategy with their business strategy; providing scientific and objective information through assessments; designing development interventions to help leaders function at their highest potential; and then embarking on acquiring and retaining leadership talent when talent needs to be acquired and not ‘home-grown’.

The talent acquisition wishlist is clear innovative thinking is a key requirement of directors looking for senior management ready to embrace change and harness new ideas. The strategic goal is to institutionalise innovation, make it integral to the organisation and thereby achieve longterm competitive advantage. But experience suggests that 'owning' innovation is easier said than done.

Executive DNA is not immutable. Requirements shift. Profiles change. Business needs and economic conditions are obvious drivers, but societal factors, technology developments and the spirit of the times play a major role in how executives see themselves, their role and priorities.

We are what we eat, but we are also what we read, think and feel. What happens around us, shapes us. Executives are not elevated above the society they serve. They are rooted in it.

Global trends research strongly supports this view, even when the primary focus is much broader than the executive head-hunter’s fixation with managerial skill and leadership potential.

 The new SABC board has hit its first crisis, with the sudden resignation this morning of one of its members, Rachel Kalidass.

Kalidass, a chartered accountant nominated for the board by all political parties, has released an explosive letter to President Jacob Zuma explaining why she has taken the decision.