There’s a lot of talk about partnerships in the business and community sectors, but what are they? Are there different types? What ground work should be done before and during early discussions? How does the Board minimise risks for the community, the company and other potential partners?
If your Board is in a partnership with others, do you know how to reflect on its value to the community? What do your partners expect from your Board and you company’s involvement? How will you know when it has achieved success? Are you leaving a negative legacy for the next group of Directors?
Get advice from experienced practitioners: we’ve been providing advice and undertaking reviews of government/ community partnerships for many years, from small projects to projects with higher risks for stakeholders. Talk to us first before you lock in arrangements: Directors will increase their understanding of partnerships and can use this knowledge productively in the future.