Corporate governance needs to become an enabler rather than a constraint

Theme paper invites global convention to question the contribution, relevance and state of contemporary corporate governance
 
 
Prof Colin Coulson-Thomas
Prof Colin Coulson-Thomas
WESTMINSTER, U.K. - Aug. 11, 2018 - PRLog -- A theme paper for the 2018 and 18th London Global Convention on Corporate Governance and Sustainability is now available. Written by Prof Colin Coulson-Thomas, author of Winning Companies; Winning People and Developing Directors, a handbookfor building more effective boards, it suggests that fundamental questions need to be asked about the state of corporate governance and its contribution and relevance in the contemporary business environment with companies delisting, new business models, forms of organisation and sources of funding, disruptive technologies, sustainability and climate change challenges and a wider range of more aware and vocal stakeholder interests to address.

The theme paper suggests there are are a variety of considerations and contending pressures that directors and boards can and should address if they are to add more value and shift the focus from compliance and negativity to the positive enablement of innovation and entrepreneurship. Areas to be explored at the global convention include who should be involved in shared leadership and by what means, ethical perspectives and corporate culture. Speakers and delegates are invited to consider the steps that boards can take to build trust with business, companies and capitalism, risk oversight and governance, the contribution of independent directors, how to ensure and support independent judgement and the way ahead.

Other issues to be considered at the forthcoming convention will include sustainability, resilience and enabling technologies. Given the variety of circumstances in which boards can find themselves, their differing aspirations and priorities, and the many challenges and opportunities that can face each company at each stage of its development a key question is whether a single or multiple approaches are desirable. Diversity, innovation and bespoke and flexible governance arrangements that can evolve and adapt may be preferable to convergence and the unthinking adoption of standard corporate governance models.

Coulson-Thomas believes: "Much is at stake. We are at a cross roads. It is incumbent upon all those who feel that business and many companies need to become more inclusive, responsible and sustainable, to speak up within whatever stakeholder groups they belong to and advocate change.  As citizens and directors, we should look at outcomes being sought from regulations, laws and codes and consider what we can do to bring them about, either individually or collectively, through influencing and working with our peers."

The theme paper Board's Transformational Strategy for Building a Sustainability Paradigm by Adaptation's chairman Prof Colin Coulson-Thomas is designed to encourage questioning and thought ahead of the 2018 and 18th London Global Convention on Corporate Governance and Sustainability. It is now available from: http://iodglobal.com/images/lgc2018/theme-paper-lgc-2018.pdf. Prof Colin Coulson-Thomas has advised directors and boards on director, board and business development in over 40 countries. Further information on his various activities and recent books and reports can be obtained from http://www.adaptation.ltd/.

Contact
Adaptation Ltd / Colin Coulson-Thomas
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Tags:Corporate Governance, Directors and boards, London Global Convention
Industry:Business
Location:Westminster - London, Greater - England
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