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Governance in Times of Uncertainty
As a Board member, the challenges and the risks ahead of you in this new and uncertain world are unprecedented. How can Boards of Directors respond effectively to new trends in the social and political environment, and to technological developments? Which of the emerging challenges in corporate governance are critical for corporations and Boards? How can they react to them, especially those that may emerge as high-impact, high-speed reputational threats and how can they pre-empt governance crises? Should Boards develop the capabilities of existing Board members or should they bring in specialists with knowledge of and experience of these new environments? The questions and challenges are many, but they are answerable and are not unsurmountable.
Governance in Times of Uncertainty provides you with the understanding, the best practice, tools and approaches that Boards need to ensure that the organisations they serve adapt and remain adaptable and that their reputations remain intact and legitimate in an evolving environment. Against today’s pandemic backdrop, never before have challenges other than purely business or economic been so paramount.
If you serve on a board, are thinking of doing so, or work with Boards, Governance in Times of Uncertainty is a next-generation learning experience that will empower you and your Board, ensuring you are up-to-date on best corporate governance practices.
Over three half-day sessions, the programme will address the following areas:
Session 1: New Challenges in Corporate Governance
- Explore the current and new, emerging challenges in corporate governance not addressed by traditional Board practices
- Discuss which of these challenges is most urgent for Boards to react to, as they affect companies’ and Boards’ reputations
- Assess shareholders’ and stakeholders’ activism, their motivations, organisation, public and media levers, and strategies
Session 2: New Best Practices I
- Examine how the most advanced Boards deal with climate change challenges
- Learn about the impact of the gender equality movement on corporate governance and how Boards need to respond to ensure fairness in their processes and policies
- Explore the movements promoting racial and social equality and how they are affecting companies’ actions
Session 3: New Best Practices II and Consolidation
- Analyse the role of shareholders in corporate governance reform, at the legislative and public opinion levels
- Explore the impact of digital transformation on Boards
- Discuss the law and the responsibility of Boards and Directors for dealing with new challenges
- Bringing it all together
A time-tested technique from academic research can help practitioners better understand their stakeholders.
Wolfgang Ulaga, INSEAD Senior Affiliate Professor of Marketing
If companies are to survive the coronavirus, corporate boards need to exercise collaborative, proactive leadership.
Jaap Winter, INSEAD Visiting Professor of Corporate Governance, and Erik van de Loo, INSEAD Affiliate Professor of Organisational Behaviour