The Resurrection Of Entrepreneurship: Its Role In ESG & The Four Levels of Board Maturity
Webinar
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Bob Garratt is increasingly referred to internationally as ‘one of the founders of modern corporate governance practice – the unconventional one’. From a background in architectural and organisational design he became interested when working with Sir Adrian Cadbury in how ‘top’ people often had no training for such crucial posts and tended to learn bad behaviours that failed to develop their organisations effectively. It was not that they were inherently bad people but that they had few role models, and even less support, to develop themselves as effective direction-givers. The paradox is that the UK and the Commonwealth, under Common Law, has one of the most advanced legislative frameworks for effective corporate governance. But it is not implemented and so few legal precedents have been created.
His new book agues that there are four distinct types of boards ranging from: the plain ignorant; to the grudgingly compliant; to the dawning of enlightenment as a Learning Board; to the goal of a becoming a Professional Board. His current work takes him to East Asia and China, The Arabian Gulf, Australia, Southern Africa and the Caribbean.
He is highly critical of the development of corporate governance internationally because it is over-focused on the financial world, shareholders and listed companies, leaving over 90% of organisations, including charities, mutuals, family offices, beyond its scope. He argues that there are seven easily understood and implementable director’s duties, and only one purpose for a board of directors to achieve. Preferring to obey the law, he knows that shareholders do not own companies.
Speaker:
Professor Bob Garratt is one of the world's foremost practitioners, academics and authors on corporate governance. He has consulted at the highest levels in some 40 countries and been chairman of consultancies in Hong Kong, Singapore and London. He gave evidence to the UK Treasury Select Committee on the Restructuring of the corporate governance of the Bank of England. His academic positions include Professor Extraordinaire at the University of Stellenbosch where he chairs its centre for Corporate Governance in Africa and Visiting Professor at Bayes Business School, London University. He is the author of highly acclaimed books including "The Fish Rots from the Head" and "Stop the Rot" and he is currently working on his latest book about corporate governance, "A Shining Light on a Naughtie World".
Date
Thursday, 17 March 2022
Time
10:00 - 10:45 GMT
Cost
Free
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Speaker(s):
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Professor Bob Garratt
Director
Good Governance Development
Chairman:
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Professor Michael Mainelli
Executive Chairman
Z/Yen Group