Governance – Beyond Resuscitation?

The idea of governance has been around for centuries. And in the last century, the Cadbury Report gave it a make-over. Yet today, governance lags far behind community expectations. Disappointingly, the law’s most critical breakthrough appears to be holding a director liable if they don’t attend board meetings. Inexplicably, it remains anchored in accepting a …

What is innovation?

Theodore Levitt, who died in 2006, was an American economist and professor at Harvard Business School. Levitt was known for popularizing the term ‘globalization’. He also said – “Creativity is thinking up new things. Innovation is doing new things.” This raises many questions. One of course is whether innovation only ever follows creativity? Or can …

Are Boards Up For The Challenge?

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 performance review “under review”

Recently Atlassian’s global head of talent, Bek Chee, told Business Insider Australia, about its adoption of a values-based approach for performance reviews. This new approach focusses on staff living the company values. Chee says “We want to be able to evaluate a whole person and encourage them to bring their full self to work and …

The Inestimable Value of Governance

Happy new year for FY2020. Our challenge is clear. Organisations need to garner their directors and leadership group to commit to achieving at least 10% improvement in their present governance practices. What will start and sustain this transformative commitment? If today, governance is more important than ever before, and more and more directors, leaders, community …

Increased Focus on Transparency

The new whistleblower laws offers benefits far greater than simply the protection of whistleblowers. Corporate cultures of silence, which nurture the turning of a blind eye to wrong doing, only weakens the organisation’s performance. Strong governance on the other hand, which openly supports the reporting of wrongdoing, is evidence of governance aligned with high performance. …

Performance Impact of Collective Intelligence

He was Charles Darwin’s half-cousin, and it was Sir Francis Galton who derived the measure to quantify normal variation – the standard deviation, when describing a spread around the central value of any statistical analysis. At a livestock fair in 1906 he witnessed a contest concerning villagers guessing an ox’s weight. Around 800 participated, and …

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