Good corporate governance is essential for a company to succeed. During the last 15 years I have served on six corporate boards and been awarded Board Leadership Fellow by the NACD (National Association of Corporate Directors).
Corporate boards currently face many challenges, not least of which are digital transformation, cybersecurity, ESG and diversity. The latter, for example, is particularly true for gender diversity, which has largely been ignored outside of the United States until recently.
When serving on a board of directors I see it as my role and responsibility to educate on the risks of poor cybersecurity; implement effective governance practices, including strong corporate policies and compliance with laws and regulations; and to help improve diversity in terms of gender, race, experience, and age in order to better represent the interests of their shareholders.
When board members are successful at practising good corporate governance, a company is more likely to be successful in the long term.