Building Better Boards : How to lead and succeed in a changing world
Author: Seamus Gillen
ISBN: 9781399400954
RM179.90
Publisher,Bloomsbury UK
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Format, Hardcover
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Shelf: Non-Fiction Books / Business Finance & Accounting / Leadership
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Many boards approach the subject of governance from a compliance perspective, which leaves value lying on the table. When boards complain that "we're spending too much time on governance", what they're usually referring to is 'compliance'. A compliance focus leads to an emphasis on governance as an area of subject-matter expertise, a cost, an overhead, a back-office activity, something which 'has to be done' to satisfy regulation and Code. It manifests itself through a culture of box-ticking. Directors and senior management perceive, and derive, little value from the exercise.
Seamus Gillen believes that governance is a commercial discipline, providing a fundamental underpin to the process of value creation, value protection and value preservation. Governance drives the quality of strategic decision-making that helps an organization achieve its strategic objectives more efficiently and effectively. High standards of governance create competitive advantage, a concept as applicable to not-for-profits and public sector bodies as to commercial entities. For organizations pursuing this approach, governance becomes a liberating theology, and a critical business enabler.
Seamus Gillen believes that governance is a commercial discipline, providing a fundamental underpin to the process of value creation, value protection and value preservation. Governance drives the quality of strategic decision-making that helps an organization achieve its strategic objectives more efficiently and effectively. High standards of governance create competitive advantage, a concept as applicable to not-for-profits and public sector bodies as to commercial entities. For organizations pursuing this approach, governance becomes a liberating theology, and a critical business enabler.
