How much 'power' do you have in your company as an HR professional?

Hi all I am interested in knowing how much power you have in your company as a HR professional. I report to the CEO and its a matrix structure with dotted lines to directors. At the moment I give my suggestions/advice to managers and leave it to the manager to take action. I wondered if there was anything more I could do as sometimes it's frustrating that some managers don't like to confront staff and brush matters under the carpet.

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