Directors face multiple challenges, imperatives, and stakeholder requirements. These can arise from internal business model and strategy drivers and/or external developments in the legal, regulatory, and geopolitical contexts in which companies operate.
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Rarely a day goes by without the financial news reporting on adverse reactions by businesses, trade associations, lobbyists, think tanks, and politicians around the world about the requirements for commercial entities to file reports disclosing the extent to which their activities had an impact on Environmental, Social and Governance (ESG) matters in the local, national, or global economic landscape.
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What is Governance?
Governance has been defined to refer to structures and processes that are designed to ensure accountability, transparency, responsiveness, rule of law, stability, equity and inclusiveness, empowerment, and broad-based participation.
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Leaders everywhere are facing a business landscape that is changing at an unprecedented rate. In this new environment, it is the organisations capable of continually and seamlessly adapting to change that will succeed and be the champions of tomorrow.
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Establishing and embedding sound risk management practices enables organisations to become more resilient, achieve their financial and strategic goals, and take advantage of opportunities that arise.
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In the context of Environmental, Social and Governance (ESG) reporting, materiality assessment can be referred to as a process designed to gather insight on the relative importance of specific ESG issues through stakeholder engagement.
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Being a director can involve tough decisions. Critical choices are increasingly stark and difficult to resolve. Some board members may have concerns about the positions taken by others. Such differences and how to proceed or...
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As emerging technologies increasingly shape our interactions and daily lives, business leaders hold a growing responsibility to ensure that organisations are focusing on ethical practice in creating, deploying, and evaluating...
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Artificial Intelligence has now gained importance in economic development in every sector, especially the business sector. The G20 Summit was organised in New Delhi on September 9–10, 2023, wherein the leaders emphasised that...
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Corporate governance plays a pivotal role in ensuring the success and sustainability of modern businesses. At the heart of effective corporate governance are independent directors, who are responsible for providing unbiased...
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Institute of Directors (IOD) is an apex national association of Corporate Directors under the India's 'Societies Registration Act XXI of 1860'. Currently it is associated with over 30,000 senior executives from Govt, PSU and Private organizations of India and abroad.
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