The debate over good governance should be led by practitioners, not regulators, but companies need a deeper understanding of how their boards operate, says Ken Olisa of the Institute of Directors.
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For years, Conrad Black's view that an interest in good corporate governance was a “fad” was all too prevalent among companies and investors. Thankfully, this position has steadily been replaced by a recognition that good governance isn’t a cosmetic measure, but actually constitutes a competitive advantage.
At company level, strong governance can improve efficiency, mitigate risks and drive performance.
Irrespective of the commercial motivations—compelling though they are—companies are also coming under increasing pressure from politicians and regulators, whether on executive pay or issues surrounding M&A, meaning that no bo
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