Professional education vital for directors if firms are to prosper
By
Parmi Natesan and Prieur du Plessis
MODERN-day directors have a vital but difficult job to do. They will succeed only if they have the right directorial skills and keep those up to date.
One just has to open any news site these days to read about some or other corporate/financial/governance failure involving public and private sectors alike.
Many internal and external factors are involved when an organisation runs into headwinds, but one can confidently state that a common thread is a board that is performing below par.
Don t underestimate the power of culture Don t underestimate the power of culture
A factor underrated for its power and effectiveness in enterprises and the areas they influence. By Sorayuth Vathanavisuth
published : 28 Jan 2021 at 04:00
Culture is the foundation of each society. From small families to corporations to countries, we can understand and predict how members of a particular group will behave based on an understanding of their cultures.
If children are raised in disciplined families, for example, we can predict that their parents can rely on them when these children grow up to be adults. In a corporation, executives are not likely to give priority to environmental and sustainability issues if the CEO and board of directors rarely focus on these areas.
Punch Newspapers
Sections
Published 7 January 2021
Chinua Achebe once famously wrote that the trouble with Nigeria is simply put, leadership. Profound as that conclusion was, it was esoteric. The naked truth is more disturbing, and, as T.S. Elliot wrote long ago, “humanity cannot bear too much truth”. Achebe was too true.
But our conscience is bleeding and Uthman Dan Fodio long admonished that conscience is an open wound and only truth can heal it. The plain truth, beyond Achebe’s expression of outrage, is that the trouble with Nigeria is the misadventure of state capture that placed in positions of leadership, self-obsessed moral cripples and monsters of amorality of power, who narcissism has managed to blind to even their own best self-interest. What was once called enlightened self-interest.