Calls by analysts, governance experts and legislators for boards to separate the roles of CEO and chairman continue to rise but the benefits of doing so are not cut-and-dried.
Bringing in new directors is a delicate yet valuable way of building a visionary board.
Achieving higher board effectiveness goes well beyond adhering to rules, regulations, legal and ethical compliance.
Embedding a healthy corporate culture through improving behaviour and high-quality reporting is vital to the success of any business.
It is clear that if companies are to benefit from more women in leadership roles, they need to incent them the same as their male counterparts.
his brief commentary suggests that board effectiveness is largely dependent on the expertise of board members and what they do when together in the boardroom appears to be significant.
Perception plays a major role in corporate culture and ethical behaviour. If people don’t believe that corporate leaders know what is going on lower down in their organisation and are failing to receive accurate information, why should they follow the tone set at the top?
In its fifteenth year, the German Corporate Governance Code (Deutscher Corporate Governance Kodex or DCGK) continues to be among the shortest, as well as the most liberal of its kind, both internationally and in Europe. Following several corporate crises in Germany that were considered to be the consequence of poor corporate management, the Code was developed by a purposefully established commission.
Broadening the diversity debate to advance lesbian, gay, bisexual and transgender policies. Not because it is socially acceptable or the politically correct thing to do, but because it generates positive financial results.
Succession planning is one of a board’s most important oversight responsibilities. Accordingly, a majority of corporate boards review the CEO succession planning process annually. Is your board prepared for an emergency CEO succession? Lessons from recent high-profile cases.