What’s the Digital Theme to Run a Global Board

The basis of differences can be harmonized on the global scale. The criteria being used by differing countries or continent such as Europe, Asia Pacific and Latin America are bound to vary, relative to their respective economic status regulations. The criteria themselves, regardless of the aforementioned disparities, are founded purely on the Principles of Corporate Governance. So the basis of difference can be harmonized on the global scale. And such principles are themselves evolutionary in nature. This would imply, in general, any form of innovation will be inspired by the circumstances of the particular time...hence will invariably be reactionary in nature rather than proactive. So the best you can master in inspiring innovative approach in evolving the corporate governance, could just be, becoming competitively adaptive to the ever fast changing world.
Accountability should be a common thread throughout all global boards, regardless of nation diversity. Global boards will, for the most part, go through a learning process, relationship building and understanding of what it takes to get cross-cultural agreements. It starts with agenda agreements before moving forward, but takes patience and understanding of potential obstacles, differences, and language that translates common meaning. Careful thought to where boards meet, venue and time to get to know each other is important as well, while at the same time keeping focus of process and desired outcomes.

There is still long way to achieve corporate governance maturity. Corporate governance in many nations has either evolved leading massive corporate failures or some economic crisis. However, under such conditions holistic view of improving corporate governance is unforeseen. In this neo-liberal global economy, any particular system of governance cannot work for a country. There needs to be a balanced approach for developing a corporate governance system keeping in view the country's intrinsic requirements while supporting global exigencies. The latest digital technologies shall open the new possibilities to communicate and collaborate across-border, but more critically, the highly talented, and highly professional global leaders & BoDs will bridge the cognitive difference and bring the new insight of corporate governance and digital agility.
Follow us at: @Pearl_Zhu
Published on January 24, 2015 23:24
No comments have been added yet.