Blogs

In this article, we explore how boards can be effective in continuously reviewing culture in an integrated approach alongside its other responsibilities.

The 2022 United Nations Climate Change Conference, more commonly referred to as COP27, will be the 27th United Nations Climate Change conference, held from 6 to 18 November 2022 in Sharm El Sheikh, Egypt. At COP27, countries will come together to act towards achieving the world’s collective climate goals as agreed upon under the Paris Agreement and the Convention.

This extract is taken from Charity Law and Governance: A Practical Guide, 2nd edition.

This extract is taken from Charity Checklists, 2nd edition.

With increasing importance placed on boards embedding ESG considerations in their decision-making and operations, stakeholder capitalism has become something of a buzzword du jour. It is intrinsically linked to sustainability as it is grounded in the view that giving consideration to wider interests, perspectives and impacts leads to long-term value creation.

Helen Baker, speaker at the recent CGIUKI event 'Building your governance career – Steps to take for success', discusses her alternative pathway into governance and why transferable skills are so important for the governance professional.

Kerry Round, Founding Director of Round Governance Services, discusses the importance of diversity and whether it's necessary on a board.

Wherever the pressure for embracing ESG comes from, it is the board that should lead on defining the organisation’s values and aims in tackling ESG issues as part of its legal, ethical and cultural responsibilities. However, with so many other issues competing for the board’s time, it can be difficult to explicitly address ESG in board papers and discussions.

Provision 17 of the UK Corporate Governance Code requires boards to establish a nomination committee to lead the process for appointments, ensure plans are in place for orderly succession to both the board and senior management positions and oversee the development of a diverse pipeline of succession.

A concern that crops up when companies have been through the IPO process often revolves around boards and current roles. Hypothetically thinking, what would happen if you already have an executive Chair, CEO and CFO that you intend on keeping? Could it cause problems following your IPO?

Combining a virtuous circle with a circular economy approach could potentially be beneficial for the organisation, its stakeholders, shareholders and the environment. It may also be one way of approaching the broader ESG agenda.