Strategy and Leadership
MOVING FORWARD IN A CHAOTIC WORLD *Corporate Governance Code
IMD Prof. Michael Wade:
"The image of a vortex helps us conceptualize the way digital disruption
impacts firms and industries".
IMD Prof. Didier Cossin, Ong Boon Hwee:
Inspiring stewardship and venture valorization investments
to create a positive social impact
Rodria Laline: "Nobody knows where in governance the story begins and where it ends. Governance is difficult for many to interpret. While we are on the right track in governance, we are still witnessing excesses today and we need to work hard on best-practice cases to show that the *Code is a good guide that is widely supported. And that is not easy if each country ultimately chooses its own path in terms of insight into the governance Code and in terms of reasonableness and fairness in complying with the Code. In the Netherlands, the Supreme Court has made a more explicit statement about the binding nature of the governance Code. To comply or explain is legally anchored in the Netherlands and as a result has direct and indirect effects.
When the Monitoring Commission adds long-term value creation, the challenge of aligning the Code regionally in the world has only increased. Value creation – and for many companies this still is striving for the short-term maximization of shareholder value - is in the new Code based on entity-centric thinking and the principle that the company is a long-term partnership of stakeholders. Moving from an agency-principle governance model to an entity-centric based governance model is a revolution in governance. Although a new generation widely supports the latter view there is a long way to go. And if we include the wicked problem challenges in public governance - such as in health the coronavirus, then we all can go back to school to share our nexus of learning".
MOVING FORWARD IN A CHAOTIC WORLD
*Corporate Governance Codework progress at the portal
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