‘Stimulating’, ‘Informative’ and ‘Joyous’: That’s how guests described the recent Take on Board online event with Ari Magalhaes.
When organisations face financial stress, mission drift, stakeholder pressure or market disruption, a turnaround isn’t just about fixing what’s broken – it’s about resetting strategy, rebuilding trust and governing with clarity under pressure. For non-executive directors, the stakes are high. Your oversight decisions, risk appetite, board structure, stakeholder alignment, and governance levers can make or break recovery.
At this recent Take on Board online event we explored the governance, strategic, cultural, and operational tools that successful board members can use to lead turnaround in ASX-listed, private and non-profit organisations.
Our guest speaker Ari Magalhaes answered questions that guests had from her Take on Board podcast episode, Ari Magalhaes knows business turnarounds and says you can too.
Key points, takeaways and discussion points from Ari from the event:
- Top 3 KPI’s? Look at one KPI for each major financial statement, review the bottom line (profit or loss), look at the operational cash flow
- Pay attention to KPI’s and financial trends of the organisation
- Where is attention best focused? Spend your time where you will have the maximum impact on the result
- Go back to the vision of the organisation, a good reminder of eg., we are here because…? Our customer is…?
- Take a step back, review if it’s one off or systemic, what is driving it eg., an external driver? Then determine when to have that conversation about a turnaround
- Guidance for a NFP board: have very specific milestones and checkpoints over the short-term and be specific about what you are achieving and what the impact is
- When is the right time for a turnaround? When it’s systemic and you won’t be able to deliver
- Review what you need to consider eg., alignment with core purpose, reputational risk
- Clarity, confidence and control
What did the attendees like about this event?
“The topic, format, speaker and breakout rooms”.
“The infrastructure for community connection”.
