Boards of the future – Promoting and delivering effective governance outcomes
A new report from Grant Thornton warns businesses that despite uncovering a widespread commitment among today’s leaders to implementing effective corporate governance practices, they cannot afford to be short-sighted if they are to meet the challenges and opportunities of the next decade. The report finds that simply focusing on the issues of today will not be enough, and that actively looking ahead and spotting challenges and opportunities of tomorrow is vital to ensuring the companies of the future survive, adapt and ultimately thrive.
Grant Thornton’s 'Boards of the future: steering organisations to thrive' report highlights the findings of recent research and finds that businesses are under pressure to manage a complex blend of forces including technological advances, regulation, demographic changes and globalisation, to ensure they are fit for purpose and able to compete. But it questions whether boards are moving quickly enough, and uncovers two burning priorities for boards and shareholders worldwide which need addressing as a matter of urgency: ensuring diversity of thinking and boosting digital capability.
King IV is the first code that is outcomes based to demonstrate what can be achieved if governance principles are implemented effectively. This enhancement is an attempt to reduce the "tick box” or mindless compliance approach to applying governance principles. The governance outcomes that an organisation should strive to achieve are an ethical culture, good performance, effective control and organisational legitimacy.
Join us to find out more about our global governance survey results and what King IV is advocating.
Time & Date
Thursday, 9 February 2017