Perspectives from The Directors College
The Educated Director
Governance education in Canada took root in the early 2000s in the wake of the institutionalized fraud and corruption that plagued North American corporations. Most notably, the Enron scandal, that resulted in the loss of billions in pensions and stock prices and drove the creation of new regulations and legislation to increase accountability, highlighted the need for stronger board governance.
The Ethical Director: Responsibility and Governance
When using the word ethics in a sentence, there is often an inherent sense of understanding its true meaning -- but is that the case? Surely, ethics are black and white, no more complicated than right and wrong? On the surface, that appears so. However, ethics are impermanent, they’re not cast in stone – they are a set of moral principles, relating to or affirming a form of acceptable conduct as determined by a group of people.
The ability to innovate has long been the standard for high growth businesses, but technological advances have made it possible for companies of all shapes and sizes to innovate faster and more holistically than ever before, if they choose to. In a time of rapid change, corporate boards must evolve to embrace and support innovation and agile thinking.
The Face of Governance is Changing
Diversity and inclusion have been a part of corporate human resource policies for a long time, but those policies have often failed to become part of the culture of an organization. Avoiding discriminatory practices is very different from actively building diverse workforces and leadership teams.