Article

Integrated Corporate Governance: Six Leadership Priorities for Boards Beyond the Crisis

Harvard’s Jane Nelson and I outline a six-point leadership agenda for corporate boards seeking to strengthen their firms’ long-term competitiveness and resilience in the face of a number of systemic societal challenges reshaping the operating context of business in the 2020s.

Outlet: Forbes

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Authors:

Richard Samans, Managing Director of the World Economic Forum and

Jane Nelson, Director of the Corporate Responsibility Initiative at Harvard Kennedy School

The original article is here.

The six priorities:

  1. Align strategy and capital allocation with drivers of long-term value creation.
  2. Internalize material ESG&D factors in enterprise risk management
  3. Strengthen preparedness and resilience to crises and systemic shocks
  4. Engage the firm in cooperative efforts to strengthen its operating environment
  5. Prepare the company’s mainstream reporting in an integrated manner
  6. Adapt the Board’s organization, composition and engagement to these imperatives

Excerpt:

Such integrated corporate governance is the essence of stakeholder capitalism. It is what is required to give practical effect to the vision and principles articulated in the World Economic Forum’s updated statement on The Universal Purpose of a Company in the Fourth Industrial Revolution and the US Business Roundtable’s revised Statement on the Purpose of a Corporation, as well as a growing number of aligned regulatory and voluntary frameworks around the world.