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Boards need to anticipate and innovate, confront vulnerabilities and possibilities, and act to initiate, enable, and support the required transition and transformation journeys.
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Prepared boards recognise that radical measures can arouse strong emotions. They identify and monitor supporters, opponents and potential allies.
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In a world that is increasingly interconnected, the challenges we face are no longer confined by national borders. Climate change, environmental degradation and biodiversity loss are issues that demand solutions rooted in local contexts while providing global solutions. Now more than ever, it is crucial that nations come together to drive sustainability.
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Directors face multiple challenges, imperatives, and stakeholder requirements. These can arise from internal business model and strategy drivers and/or external developments in the legal, regulatory, and geopolitical contexts in which companies operate.
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Rarely a day goes by without the financial news reporting on adverse reactions by businesses, trade associations, lobbyists, think tanks, and politicians around the world about the requirements for commercial entities to file reports disclosing the extent to which their activities had an impact on Environmental, Social and Governance (ESG) matters in the local, national, or global economic landscape.
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What is Governance?
Governance has been defined to refer to structures and processes that are designed to ensure accountability, transparency, responsiveness, rule of law, stability, equity and inclusiveness, empowerment, and broad-based participation.
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Leaders everywhere are facing a business landscape that is changing at an unprecedented rate. In this new environment, it is the organisations capable of continually and seamlessly adapting to change that will succeed and be the champions of tomorrow.
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Establishing and embedding sound risk management practices enables organisations to become more resilient, achieve their financial and strategic goals, and take advantage of opportunities that arise.
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In the context of Environmental, Social and Governance (ESG) reporting, materiality assessment can be referred to as a process designed to gather insight on the relative importance of specific ESG issues through stakeholder engagement.
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Being a director can involve tough decisions. Critical choices are increasingly stark and difficult to resolve. Some board members may have concerns about the positions taken by others. Such differences and how to proceed or...
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