How HR can make itself invaluable to the boardHR practitioners need to better understand and enunciate what they are doing to ensure knowledge and innovation practices add to the bottom line By Doug Macnamara09/12/2005|Canadian HR Reporter|Last Updated: 09/12/2005 Governance practices have been in the spotlight in an effort to improve both governance and executive behaviour, plus enhance public image. So, what do these evolving standards mean for the relationship between the board of directors and the vice-president of HR?Governance fundamentalsThe board has two overarching duties: sustainability of the enterprise, and the relevancy of products, programs and services to the communities the enterprise serves. With this in mind, improved profitability and shareholder/stakeholder relationships, accurate public disclosure and transparency, plus reliability of reporting systems, have been the most immediate fallout of the Sarbanes-Oxley Act in the United States and the soon-to-be-established guidelines of the Canadian Securities Commissions. This means many Canadian companies will need to change work processes and implement new policies and reporting systems. To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.