New Corporate Governance
Martin Hilb presents an innovative and integrated approach to the theory and practice of corporate governance. Central to this approach is a set of tools developed and tested by the author that can be used by boards of directors to provide effective strategic leadership and oversight to their organizations. The tools can be used in the selection, review, compensation, and development of board members, as well as in conducting board self-evaluations. This new approach to governance is based on four guiding principles: situational, strategic, integrated, and controlled. Together, these principles form the basis of an integrated approach to all major aspects of corporate governance. The main arguments in each section are supported by conceptual models, practical tools for boards, and case studies, making the book ideal for board members, senior executives, and postgraduates. This new edition has been updated throughout the book and includes a new chapter on mobile integrated board, management, and documentation information systems.
Board ViewsFrom 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.
Board ViewsThe 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.
