Non-executive trends in the UK
‘So boards are really behaving like committees, over-emphasising the monitoring side of their role without sufficient insight into what is happening in the company. We can mess about with the demographics and structures of the board all we want, but I am detecting no change to fundamental performance, contribution and value add.’
Governing and directing: are they different?
‘Best practice in corporate governance produces too many “governors” focused on protecting value and not enough directors focused on creating it. Public companies have become over governed and under directed because corporate governance regulation and education is designed to ensure the “correct” board structure, process and composition rather than ensure “imagination, creativity, or ethical behavior in guiding the destinies of corporate enterprise”.’