Faced with corporate scandals such as corruption, money laundering, impropriety and unethical conduct, the business landscape today is perilous. Scrutiny is increasingly directed towards boards, and a change of mindset of board directors is required. On top of business results, it is imperative for boards to focus on the company’s purpose and role in society, corporate culture, values and ethics.
Board directors must rethink what their responsibilities are, to whom they are accountable, and how they can ensure the organisation is understood - not only to the company’s shareholders, but also to the wider ecosystem of stakeholders. This calls for a whole new way of doing business. Central to the new business regime are strategies that ensure long-term value creation for all stakeholders.
Through presentations, dialogue and interactive discussions, this session explores the future role, skill sets and mindsets required of board directors. Tools and approaches will be provided to help you as a board director, as well as the board as a team, see the bigger picture, identify potential risks and opportunities, and build trust with the company’s key stakeholders.
Facilitated by globally renowned corporate governance thought leader Professor Mervyn King, Chair of the King Committee on Corporate Governance for South Africa and Turid Solvang, Founder and CEO of FutureBoards, the following topics will be addressed in the forum:
- The bigger picture - megatrends affecting the corporate world
- Corporate governance at a crossroad – the changing role, composition and work processes of the board
- The revolutionary immensity of integrated thinking
- The collective mind of a board being united and not fragmented
- Thriving in the Fourth Industrial Revolution: building, restoring and retaining trust – corporate culture, reputation and crisis management, stakeholder communication
Professor Mervyn King is chair of the King Committee on Corporate Governance for South Africa and an international corporate governance thought leader.
Mervyn is a Senior Counsel and former Judge of the Supreme Court of South Africa. He is Professor Extraordinaire at the University of South Africa on Corporate Citizenship, Honorary Professor at the University of Pretoria and Visiting Professor at Rhodes University. He has an honorary Doctor of Laws from the University of the Witwatersrand, and is First Vice President of the Institute of Directors Southern Africa.
He is Chairman of the International Integrated Reporting Council (IIRC), Chairman Emeritus of the Global Reporting Initiative (GRI) and a member of the Private Sector Advisory Group to the World Bank on Corporate Governance. He chaired the United Nations Committee on Governance and Oversight and was President of the Advertising Standards Authority for 15 years.
He has been a chairman, director and chief executive of several companies listed on the London, Luxembourg and Johannesburg Stock Exchanges. He has consulted, advised and spoken on legal, business, advertising, sustainability and corporate governance issues in 53 countries and has received many awards. He is the author of two books on governance and sustainability and sits as an arbitrator and mediator internationally.
Turid Elisabeth Solvang is the founder and CEO of FutureBoards, and a global corporate governance expert. She is former Chair of European Confederation of Directors Associations, co-Founder of European Women on Boards and co-founder and former CEO of Norwegian Institute of Directors.
With a background in corporate communication, she previously headed up Burson-Marsteller Oslo’s corporate communication practice, and the marketing division of Fearnley Data.
Turid holds an MSc in General Business (Siviløkonom) and a Master of Management program in Scenario Planning from BI Norwegian Business School. She has held non-executive directorships in the financial and service sectors and membership organizations. She is a seasoned international speaker and writer on corporate governance issues, including women on boards.
Board Chairs, CEOs, Executive Directors and Non-Executive Directors of publicly listed and privately-owned companies, family-owned businesses, government agencies, social enterprises, and non-profit organisations
I find this series very practical and extremely beneficial. I would recommend more board directors and senior executives attend this series to facilitate mutual understanding of perspectives between board and management.
Seah Choo Meng, Director, Mapletree Industrial Trust Management Ltd.
"Excellent platform and forum to interact with fellow directors, exchange ideas and share insights on the key issues facing Board leadership. Highly respected facilitator that raised the energy and successfully evoked input from the participants...I came away inspired to make changes and implement fresh ideas."
Sharon Sng, Board Director, Surbana International Consultants Pte Ltd
"Good practical advice from experienced directors that provides insightful thinking on how to improve one's own role as an effective Board Director."
Patrick Go, Independent Director, Del Monte Pacific Ltd