Engage Governance

In this podcast Sharon Constançon, CEO of Genius Boards, discusses how to address issues that are impeding board effectiveness that aren’t always easy to identify. Sharon likens the scenario to an octopus, where all the issues are linked to a common cause, represented by the head of the octopus. She goes on to outline how enhancing the emotional quotient (EQ) of the company secretary, the chair and the individual directors will allow the board as a whole to defuse those hard-to-identify issues it faces and allow it to achieve its full potential.

In this podcast James Beasley, Senior Director at Nasdaq Governance Solutions, discusses stakeholder capitalism and its significance for businesses today. He argues that stakeholder engagement is the means by which to achieve stakeholder capitalism because it allows the business to understand different stakeholders and therefore act in their interests. James argues that the convergence of many monumental events over the last two years has brought stakeholder capitalism into the limelight and front and centre for boards. He outlines innovative methods for engaging with two important stakeholder groups: customers and employees. James argues that organisations need to develop more sophisticated data points for understanding stakeholders, focusing on qualitive rather than quantitative data to bring stakeholder experiences to life.

In this podcast Susan Stenson, a partner at Independent Audit, discusses the impact that environment, social and governance (ESG) issues are having in the boardroom. She outlines the importance of linking these areas back to the overall purpose and strategy of the organisation to enable directors to understand which issues they should focus on and how they should communicate their approach to their stakeholders. Susan outlines how governance lays the foundations for a strong response to ESG issues from boards of directors. She also argues that if the board is honest about how it has decided its ESG priorities, its approach is much more likely to be successful.

In this podcast James Beasley, Senior Director at Nasdaq Governance Solutions, discusses the boardroom of the future. He considers how its directors will use what are currently emerging technologies to fulfil their duties and carry out their responsibilities more effectively. James contemplates the potential for improving board effectiveness through using virtual assistant technology or chatbots in the boardroom, as well as taking into account the potential risks this functionality poses. James believes today’s boards are ready to embrace technology but warns against solutions for solutions’ sake, highlighting that the use of technology shouldn’t be at the expense of overall board effectiveness.