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Corporate Governance: Performance, Productivity and Purpose

Corporate Governance: Performance, Productivity and Purpose

Coulson-Thomas, Colin (2020) Corporate Governance: Performance, Productivity and Purpose. In: SRISIIM 16th Foundation Day Celebration: International Webinar on Corporate Governance - The Road Ahead, Thursday 14th May 2020, International webinar hosted by Sri Sharada Institute of Indian Managment-Research (SRISIIM).

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28214 COULSON-THOMAS_Corporate_Governance_Performance,_Productivity_2020.pdf - Published Version

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Covid-19 has exposed the inadequacy and lack of resilience and flexibility of many business models, board practices and corporate operations. Many governance arrangements struggle to deal with fast moving situations and disruptive shocks. More boards need to re-assess corporate purpose, priorities and direction. Their emphasis may need to switch from monitoring and compliance to inspiring creativity, encouraging initiative, enabling innovation and supporting entrepreneurship. Corporate governance should not be a straitjacket and constraint on progress. We need a greater diversity of approaches that better reflect the varied aspirations, contexts, situations and stages of development of companies. Governance needs to be capable, flexible, representative, relevant and resilient. Rapidly restoring pre-pandemic economic growth rates with a previous development model is neither desirable nor sustainable. Increasing productivity could deliver more sustainable value from less natural capital. Good governance should be about fostering a more caring, collaborative, resilient, responsible and sustainable form of capitalism that inspires people with the right personal qualities to become entrepreneurs and/or pursue directorial careers.

Item Type: Conference or Conference Paper (Speech)
Additional Information: The international webinar was organised by SRISIIM to celebrate its 16th Foundation Day
Uncontrolled Keywords: Governance, Corporate Governance, Strategic Direction, Direction, Management, Boards, Directors, Responsible Board Leadership, Covid-19, Corporate responses to Covid-19, Sustainability, Environment, Bio-diversity, Corporate purpose, Board priorities, Stakeholders, Board meetings, Governance arrangements, Board practices, Caring capitalism, Resilience, Flexibility, Inclusion, business models, Transformational change, Global warming, Corporate priorities, Innovation, Entrepreneurship, Productivity, Natural capital, Sustainable Development Goals
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Faculty / School / Research Centre / Research Group: Faculty of Business
Faculty of Business > Department of Human Resources & Organisational Behaviour
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Last Modified: 03 Jun 2020 16:49

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