Organisations of all types can be divided on their mission, vision and strategy. A combination of compliance and stewardship is the solution.
"Of course, I knew what was happening!" said the regulator with regard to a particularly sensitive concern. "I knew which of these companies was at risk. I was clear who was, and who was not responsible [referring to CEOs and chairs]. I knew what to do. But I am a regulator in the British system, which means that by the time I can act it is already too late."
Possessing full insight, understanding what needs to be done and why, and yet experiencing a complete sense of helplessness is nothing new.
The Kakabadse Global Studies collection has reviewed thousands of organisations and boards, identifying that over 34% of private companies and
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Boards could take the opportunity to turn transparency to their advantage. A penetrating light is being shone on the tax affairs of multinational entities—but tax transparency will encompass all businesses in time.