Governance Institute recognises the importance of constructive investor engagement in maintaining good corporate governance. When effective engagement takes place between parties who want the entity to perform well over the long term and within a sound governance framework, everyone stands to benefit.
Once upon a time, board positions were meant for retiring executives, prominent business people, and partners in legal and accounting firms approaching the ‘twilight’ of their careers. But all that’s changing. A younger cohort of men and women, often working executives, are also beginning to take up directorships.
The success of a company relies on many factors. One of the most important is unquestionably, the quality and capabilities of its board of directors. After all, it’s the board that oversees the company’s all-important strategy as well as performance and sets the risk appetite. To be up to these tasks, the board must have the skills to steer the company through an ever-changing business environment and the insights to make the right strategic decisions even in challenging times.