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Future boards: Leading strategy to embrace sustainability
In India, growth and employments take precedence over sustainability, so making a business case for sustainability is a challenge, writes J.S Ahluwalia.
Corporate boards’ commitment to act on shareholders’ behalf is the key in defining company vision, determining strategy, and operating the business according to the highest standards of professionalism and ethics. Corporate governance is essentially about leadership that is responsible, exercised with probity, and conducted in a highly transparent and accountable manner.
While technology still plays a role, corporate culture and an engaged and empowered workforce are the critical enablers of innovation today.
An organisation is only as good as those who lead it, and given the complexity of today’s corporate structures and rapid changes that are occurring in the economy and the market, good leadership is no mean task. Adding to these complexities are the heightened expectations of the shareholders, and the enhanced regulatory requirements that demand more accountability and transparency; all of which are creating new challenges for the boards.