by Dr Alison Freeman
The second Masterclass for this cohort of the Leadership Illawarra Program addressed the topic of Governance & Ethics. A full day workshop, led by UOW’s Executive Dean of the Faculty of Business, Professor John Glynn, gave participants an overview of the theory and some real life examples of corporate governance – both good and bad.
Given that the average term for an Australian CEO is about 4 years, and for an Executive Director is about 5 years, the group considered what drives these individuals. How we can ensure strong governance in a corporate environment that is often driven by financial motivations and personal career aspirations rather than on longer-term organisational views?
The tension between corporate law and codes of practice was also explored. How do we balance the profit-focus of corporate law with the broader-based codes of practice which assume an element of social responsibility? For example, is Corporate Social Responsibility the role of the Board, or is the Board solely responsible for maximising shareholder return?
Professor Glynn led the group through two examples of failed corporate governance:
Blog posts written by the Leadership Illawarra Program.