Stay abreast of what’s happening internationally with developments in corporate public affairs. Here is news that you may find useful and interesting:
Research: How Corporate Boards in Asia Can Improve GovernanceND
Sunil Puri, Harvard Business Review, July 13, 2020
Boards in Asia are still lacking adequate leadership, supervision and oversight, a recent study has revealed. The study, based on 109 interviews and 350 surveys of board directors of mid-to-large size organisations, found Asian corporate boards are underprepared to deal with cultural pressure and concentrated ownership structures. To succeed, companies will have to focus on strengthening and empowering their corporate boards, explains Sunil Puri, Head of Research (Asia-Pacific) at the Center for Creative Leadership. Sunil Puri also explains that to overcome governance issues: boards in Asia will need to understand how external and internal governance maturity will impact their firm; engage board members to learn; build a collaborative culture; curate a diverse team; and measure performance and evaluate role expectations. Board leaders must also regularly engage in capability development, particularly refining their self and strategic leadership skills.
To read more go to Harvard Business Review