Jeff Jarvis’ latest book ‘What Would Google Do’ envisions the ways in which running businesses the way Google is run would change industries. It is impossible to read this book without having a few innovative ideas of your own. It got me thinking ‘What would Google do if they regulated boards or designed corporate governance …
Starting a Business/
Business Laws & Ethics
There are many attempts to define ethical standards for company directors. It would be foolish to argue that there should not be an ethical standard or even that an ethical standard is as important as a competency standard. The problem is with identifying a suitable standard before making a board appointment. Whilst many boards have …
As BP continues to be in the spotlight, with every business practice being scrutinized, we can learn some lessons on how ethical companies balance safety and costs. Ethical Culture There is nothing inherently “ethical” about balancing safety and costs. Few programs, even government projects, can reduce safety risks down to zero. The key factor is …
The British Financial Reporting Council has just released an updated version of the corporate governance code. The new Code recommends “in the interests of greater accountability”, that all directors of FTSE 350 companies shoulder-elected by the shareholders each year at the AGM. As with all other provisions of the Code, companies are free to explain …
One of the most vexed issues when talking to people who aspire to company directorship is the simple question, ‘What does it take to be a director?’ There are few satisfactory responses. There are courses (some of which are very good and comprehensive) but none of these are accepted as proof that an aspiring director …
Understanding a Board’s System: Key of Improving Recent Breakthrough in Development: Systems Thinking One of the recent breakthroughs in organizational and management development is the ability to understand organizations and each of the various functions in them as a system. Each of the functions, such as Boards, planning, leadership, management, marketing, sales and finances is …
When Boards have recurring problems, such as poor attendance, low participation, high turnover of members, or increasing conflicts, here’s a quick process that I’ve used successfully to “jump start” recovery. Sure, the steps aren’t all of those needed for complete Board development — those steps would produce a blog post about 25 pages long. But …