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Corporate Governance and Leadership: Quantitative vs Qualitative

Join the 2nd & 3rd Dec. 2006 International Leadership and Management Conference in Bahrain to explore the importance of corporate governance and leadership, and the balance between quantitative and qualitative factors. Discover key principles, director duties, and the role of the board in enforcing good practices.

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Corporate Governance and Leadership: Quantitative vs Qualitative

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  1. Corporate Governance and Leadership Quantitative verses QualitativeInternational Leadership and Management Conference 2nd & 3rd Dec 2006 – In Bahrainby : Saleh HussainOrganized by: Bahrain Management Society International Leadership and Management - 2nd & 3rd Dec 06 in Bahrain

  2. AGENDA • What Leadership is about? • Who is a leader? • Corporate Leadership • About Corporate Governance • Corporate Quantitative issues • Quality Governance Principles • Directors’ Duties – Qualitative issues • Qualitative issues – Questions • Corporate Governance and Leadership - Conclusion International Leadership and Management - 2nd & 3rd Dec 06 in Bahrain

  3. What Leadership is about? • Vision • Strategy • Building right team • Building trust, transparency & accountability • Ability to make hard unpopular decisions • Providing support and inspiration • Celebrating and reward performance International Leadership and Management - 2nd & 3rd Dec 06 in Bahrain

  4. Who is the leader? • …’’A true leader has the confidence to stand alone, the courage to make tough decisions and the empathy to listen and understand the needs of others. He does not usually set out to be a leader, but becomes one by the quality of his actions and the integrity of his intent’’….. International Leadership and Management - 2nd & 3rd Dec 06 in Bahrain

  5. Corporate Leadership? • Shareholders • Board • Chairman / CEO • Management / employees • Other Stakeholders OR • All of the above? International Leadership and Management - 2nd & 3rd Dec 06 in Bahrain

  6. About Corporate Governance • Dynamic activity. • A Journey not a Destination • Acting in the best interest of the corporate • Acting responsibly and responsively • Quantitative Versus Qualitative “Process to discharge and be seen to be discharging responsibilities created by duties.. Marvyn King International Leadership and Management - 2nd & 3rd Dec 06 in Bahrain

  7. Governance Quantitative issues • Laws, regulation best practice code • Board – one or more – advisory • Composition of Board – Ex, NE, Independent • Board charter, duties and responsibilities • Board Committees and meetings • Remuneration • Monitoring and Control over the company • Succession plans • Risk management • Performance indicators • Reporting and communication International Leadership and Management - 2nd & 3rd Dec 06 in Bahrain

  8. Quality Corporate Principles • Pillars - Fairness - Accountability - Responsibility - Transparency International Leadership and Management - 2nd & 3rd Dec 06 in Bahrain

  9. Directors’ Duties – Leading Qualitative issues • Good faith • Care • Skill • Diligence These are human competencies…which lead to a leader being able to act independently, responsibly and responsively and act as a decent citizen… International Leadership and Management - 2nd & 3rd Dec 06 in Bahrain

  10. Duty of Good Faith • Reliance • Trust • Integrity • Not acting in conflict of interest with company* • Acting in the interest of the company only* • Not seizing corporate opportunities for self interest* * Corporate Sins International Leadership and Management - 2nd & 3rd Dec 06 in Bahrain

  11. Duty of Care • Serious attention to matters at hand • Stewardship • Transparent communication • Protection of the reputation of the company and its assets International Leadership and Management - 2nd & 3rd Dec 06 in Bahrain

  12. Duty of Skill • How to evaluate information • Honest application of mind • Selecting most appropriate way of conduct International Leadership and Management - 2nd & 3rd Dec 06 in Bahrain

  13. Duty of diligence • Industry Knowledge • Attention to details • Company relationship with stakeholders • Impact of company’s business and decisions on others International Leadership and Management - 2nd & 3rd Dec 06 in Bahrain

  14. Qualitative Issues Questions • Do I have any conflict with Corporate interest? • Do I have all the facts to enable me to make a decision? • Is this a rational business decision based on facts? • Is the decision in the best interest of the company? • Is this communication to stakeholders transparent? • Will the decision result in the company being seen as good corporate citizen? • Will it protect the assets of the company? • Have I exercised intellectual honesty? International Leadership and Management - 2nd & 3rd Dec 06 in Bahrain

  15. Conclusion • Quantitative issues are mostly requirements of law and regulation. Qualitative issues are the spirit and soul of the corporate. • The qualitative issues mentioned are basis for leadership. • The Board is the major leadership of the company which enforces corporate governance good practices • The chairman is the leader of the board and CEO is the leader of management. International Leadership and Management - 2nd & 3rd Dec 06 in Bahrain

  16. The End THANK YOU International Leadership and Management - 2nd & 3rd Dec 06 in Bahrain

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