Why directors should make compliance a strategic exercise
Compliance is no longer simply a question of rules, but of anticipating societal expectations and reflecting them in your corporate strategy.
Image: Rawpixel.com/Shutterstock
The challenges for boards of directors have never been so great. The trend is unlikely to be reversed in 2021—quite the contrary. Besides the fact that boards of directors have to handle a continuing crisis to find ways to avoid bankruptcy, they must also plan for the post-crisis period appearing at the horizon.
Identifying all the issues that arise at board level in 2021 would amount to an endless inventory exercise. But among them are expectations that the business world will take on a greater societal role, with clearer accountability and critical monitoring of its responsibilities.
Due to the crisis, digitalisation has taken on an
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda
Related Stories
-
LGIM to vote against combined CEO/chair roles worldwide
Asset manager says separated roles provide "a better balance of authority and responsibility", which aligns with the long-term interests of investors.
-
‘Monocultures’ in financial firms lead to governance issues, says regulator
A senior figure from the Financial Conduct Authority argues that financial services firms with more women may suffer less from governance problems.
-
French business groups adopt revised governance code
Business groups in France have opted for a tougher governance code for private companies and entrepreneurs after public criticism for big payouts to executives.
