Protokollführung
Minutes are of great importance, not only because of their status as documents relevant to criminal law but also as a means of defense with regard to the Business Judgement Rule. This applies to both private and public companies, regardless of their corporate form. At the same time, however, there are still no electronic systems that can concisely summarize discussions or negotiations and record resolutions or decisions with the most important points. The demands on minute-takers are high and vary depending on the purpose of the minutes. In meetings or assemblies, a lot is said and often the votes are connected with great emotions.
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.
Board ViewsThe Board as Driver of Sustainable Change
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.
Board ViewsStriving for Excellence in Venture Governance
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.
Board ViewsThe Promise and Perils of Agile Governance
Agility as a leadership principle has gained enormous importance in recent years. Many companies proclaim agility as a new leadership culture that is better aligned to future opportunities and challenges. At the same time, companies must adhere to corporate governance principles, some of which conflict with agility principles. This article presents considerations for improving the compatibility of agile leadership principles with the principles of effective corporate governance.
Board ViewsFrom Corporate to Ecosystem Governance
Mastering ecosystems is increasingly seen as key to strategic value creation in highly dynamic environments. The role of governance has become a key differentiator between organizations that win or lose from the ecosystem game. This article discusses the importance of governance to the successful creation, development, and growth of ecosystems and presents eight challenges to be addressed along the ecosystem lifecycle. It continues with a taxonomy of ecosystem governance that provides a menu of effective governance mechanisms to address these challenges. The article concludes with advice on how best to manage the transition from a corporate governance to an ecosystem governance focus.
Board ViewsMission Accomplished? The State of Digital Governance
Five years ago, I invited a number of thought leaders to reflect with me on the role of the board of directors in the face of digitalization. The result was a collection of twelve perspectives on the governance of digitalization (Hilb 2017). Where are we now, five years, one pandemic, and perceived thousands of articles on digital governance later?
