Despite having one of the best codes for governance in King
IV, South Africa has still experienced numerous corporate
failures. What is missing in our holistic understanding of board
leadership? What competencies do leaders need to develop
to ensure that corporate governance in practice lives up to
the promise of our highly regarded codes of governance and
legislation?
It could be said that in light of recent corporate failures, the
pendulum has swung too heavily towards compliance, and
therefore boardrooms are missing an ethos of stewardship.
Compliance and a narrow shareholder responsibility to “know
your business” are simply not enough anymore.
Leadership development with a focus on creating a stewardship
mindset through interpersonal and intrapersonal leadership
competencies is possibly the most powerful framework for board
leaders and those in leadership development to consider today. Click here to read the full text article