GOOD GOVERNANCE – IS IT RED TAPE OR A CRITICAL BOARD COMPETENCY? (2024-04-11) By Jené Palmer CA(SA) GCB.D (CGF Research Institute: Director) Let’s just focus on the business and less on governance! Governance stifles innovation and adds red tape! How often have you heard similar sentiments being expressed? The reality is that the role of the board has evolved. Global issues and topics such as geopolitics, diversity and inclusivity, climate and nature, and artificial intelligence, have rendered the traditional approach to board oversight as far too narrow. Today, boards must adopt a more stakeholder-inclusive approach and embrace different perspectives when considering strategy development, risk management and operational and ethical oversight. However, good governance has always been a fundamental competency for board members rather than a set of bureaucratic skills which imposes an additional burden on decision-making within the organisation. April 11, 2024 Board of Directors, Ethics, General, Good Governance, Strategy board, governance, stakeholder engagement, ethical leadership, strategice alignment Read More >>
A DIGITISED GOVERNANCE FRAMEWORK SUPPORTS A DECENTRALISED AUTONOMOUS ORGANISATION (DAO) (2024-04-10) By Terrance M. Booysen (CGF Research Institute: CEO) Traditional governance reporting With the age of digitalisation firmly entrenched -- and a global economy on the cusp of the Fifth Industrial Revolution -- forward-thinking organisations worldwide have embraced the notion of equipping their workforce for greater meaning and purpose. Considering how organisations have the technological means to streamline their business processes, which often has negative implications upon mundane and/or highly repetitive job functions, these organisations understand the importance of a more ‘human-centered’ approach to conducting their business which is fundamental to their future and sustainability. Given the focus on human empowerment -- being one of the 6-capitals cited by the King Report IV™ for Corporate Governance -- the importance of collective governance assessments made by a much broader stakeholder group of the organisation could not be more important. April 10, 2024 Board of Directors, General, Governance Framework, Stakeholders governance, reporting, blockchain, decentralised, board, stakeholders Read More >>
MEASURING THE ORGANISATION’S GOVERNANCE EFFORTS (2022-04-21) By Terrance M. Booysen and peer reviewed by Jené Palmer CA(SA) For many years corporate governance has been a sensitive topic for many boardrooms. In reality, despite the writing of the various codes of corporate governance, the business and state environments remain littered with examples of failed governance. Given that the South African business landscape still finds itself in deep trouble, one may argue that the introduction of the latest King IV™ Report on Corporate Governance for South Africa 2016 and its outcomes-based reporting has still not had the desired impact in driving governance change. April 21, 2022 General, Governance Framework, ISO 37000, ISO Standards, Risk, Stakeholders ISO 37000, King IV, governance framework, risk, audit, board, measure, metric, ISO, governance code Read More >>