Are Boards Up For The Challenge?

12/09/2019 5:09 PM

I recently had the good fortune to attend the Governance Institute of Australia’s National Conference in Sydney. The conference had as its theme – trust, respect, and challenge.

Each of those themes could command a session on its own, but arguably they are inextricably linked and therefore whatever is said about one will impact on the other two.

One of those 3 themes however appeared to be an odd one out. It was “challenge”.

The keynote speaker Sir Winfried Bischoff suggested, in fact, that boards ought to be robustly challenging management, a theme found also in the Hayne Royal Commission. So why is challenging an issue, what does it look like, who does it and when? Are we experiencing a dearth of practical answers?

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Are Boards Up For The Challenge?

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