Shifting from industry- to ecosystem-based strategies is high on the agenda of many corporate boards; whether, as with many incumbents, to reposition themselves, or for upstarts to capitalize on change. As compelling as the strategic logic for ecosystems is, they are often complex and difficult to build and sustain. Lack of or inadequate governance is often cited as a major cause. This book presents ten perspectives on ecosystem governance, bringing together viewpoints from practitioners and academics. It offers practical insights, introduces new perspectives, and invites readers to reflect on their own approaches to ecosystem governance.
From Corporate Governance of Sustainability to Sustainable Corporate Governance
What is the best way to integrate sustainability into the corporate governance framework? Boards of directors have chosen two distinct paths: the functional way, which focuses on corporate governance of sustainability, and the foundational approach, which leads to sustainable corporate governance. This article assesses the merits and limitations of both approaches and calls for a transition to sustainable governance. This requires board members to engage regularly with stakeholders and to continuously debate the underlying assumptions to further develop the governance framework as required.
The Multipurpose Corporation as a Driver for Sustainable Value Creation
The nature of the debate on the role of business in society strongly suggests a cyclical nature, with constant attempts to balance different interests and perspectives. To overcome the illusion of solving this conundrum, this article proposes an alternative approach, multipurpose capitalism. It posits that companies should compete not only on their products and services, but also on their different purpose profiles. It is left to consumers, workers, and investors to decide where to shop, work, and invest. The article offers a framework and methodology to create a comprehensive ecosystem that enables this matching process and suggests ways to overcome the challenges along the way.
Promoting a sense of responsibility is often seen as a benchmark for good corporate governance. The article argues for extending the discourse of responsibility to corporate citizenship and for understanding sustainability initiatives as innovation processes. The Board of Directors has a central role to play here, both in interpreting social change and in creating the conditions for successful implementation of social impact initiatives.
The contribution of the venture board to entrepreneurial value creation, and its pivotal role in venture ecosystems, is often overlooked despite a long history of venture governance. History teaches us six principles of excellence in venture governance.
New opportunities and challenges in corporate governance require new approaches. Our initiatives address the issues that are at the top of the boardroom agenda. They provide a cross-functional, cross-disciplinary, and cross-organizational platform for governance practitioners and experts to discuss the trends and develop new solutions.
Orientation is key in the complex world of corporate governance. Our Board Navigator provides you with a clear structure that defines three board roles and five board functions. The navigator helps you find your way around our programs, events, and insights, but it also helps you successfully navigate your day-to-day board life.