Can Boards Positively Impact Innovation?
CAN BOARDS POSITIVELY IMPACT INNOVATION? Recently, the Australian Institute of Company Directors (AICD) and University of Sydney Business School collaborated to undertake a study into the approach of Australian boards to innovation. In summary, it identified that directors are struggling to prioritise innovation and adapt to a rapidly changing and uncertain environment. Directors have indicated …
Why Conflict Resolution Is An Unsung Hero
WHY CONFLICT RESOLUTION IS AN UNSUNG HERO Ramping up resilience in the face of being “feedsmacked” is crucial, writes Nick Young. Most of us have been professionally feedsmacked at some point in our life: when a client, colleague or industry associate delivers a vicious verbal blow that feels like a punch in the stomach. Such …
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Beware Of Defamation During Termination
BEWARE OF DEFAMATION DURING TERMINATION Employer’s poor communication of employee’s resignation costs much more than an unfair dismissal. Human resources professionals are acutely aware of the process adopted when terminating an employee. A fair dismissal which leaves little grounds for a complaint looks like this: you outline an allegation, allow the person to respond, listen …
Can Directors challenge Management?
CAN DIRECTORS CHALLENGE MANAGEMENT? The 2019 Governance Institute of Australia’s National Conference was fortunate in having to deliver the keynote address, Sir Winfried Bischoff, former chair of Lloyds Banking Group and Citi and current Chairman of JP Morgan Securities plc as well as Chairman of the Financial Reporting Council UK. Sir Win, as he often …
Warnings and Termination
WARNINGS AND TERMINATION Fortunately, employees perform their duties well with little need to take corrective action. There are times, however, where an employee is not meeting either performance or behaviour expectations, it is critical to act. Coaching and retraining are often all that is required to bring about an improvement in the employee’s behaviour or …
Why Purpose, Values, Principles Matter
WHY PURPOSE, VALUES, PRINCIPLES MATTER In advising organisations about ethics and culture, our Ethics Centre consultants often start by asking a simple question: “Do you have an ethical framework?” What we’re trying to understand is whether the company has a well-defined purpose, supported by values and principles. It’s the bedrock upon which every successful and …
AI and Robots – Boardrooms Beware
AI AND ROBOTS – BOARDROOMS BEWARE The reality of AI and Robots Globally, AI and robots are seen as the solution to the relentless pressures on business to produce faster, more flexibly, with greater personalisation, ever cheaper, and at a higher quality. Increasingly, the greater use of newer technologies is contributing to an industry transformation …
Coaching and Mentoring
COACHING AND MENTORING As leaders of businesses, we have many responsibilities. These range from dealing with the day to day operational aspects of our businesses and handling business finances to developing the people working with us. Each of these is critical and warrants much of our time and attention. The development of your people can …
Building a ‘Talent First’ Workforce
BUILDING A ‘TALENT FIRST’ WORKFORCE CEOs and hiring managers share the skills needed for a top performing workforce More and more businesses are trying to build a ‘talent first’ workforce. Why? Because it’s becoming increasingly clear that this leads to a more productive and efficient workplace. So much so that a study by McKinsey & …
The Integrated Governance Lens
THE INTEGRATED GOVERNANCE LENS A critical role The critical role of governance is more strongly valued today than ever before. Whether the organisation’s directors and leadership group believe this fully, goes to the insight into their governing roles and responsibilities. The gap between an alignment of the organisation’s governance architecture and practices, and what actually …
