The pendulum swings: The new mission of directors
Corporate directors are changing their focus. Now that compliance systems resulting from the Sarbanes-Oxley Act and Bill 198 are in place, the major issue tabled in today's boardrooms is: How can directors target activities that will further their company's long-term strategic value — or what might be called "value-creating governance."
That's the view gleaned from a new survey commissioned by PricewaterhouseCoopers LLP in association with the Institute of Corporate Directors (ICD). Seventy-seven directors from across Canada shared their thoughts on their evolving roles, responsibilities and expectations, and how they can best carry them out.
So how can boards better help to serve "value-creating governance?" Read this article to find out.
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