As businesses reconfigure for growth, globalization, and ownership structure change, many face serious governance challenges for the first time. Their task is complicated by regulatory developments whose pace and form differ by geography, ownership type, listed status, and, in some countries, sector. Further dilemmas surround the transfer of leadership from family or founding members to external professionals or structural tensions pitching centralization versus decentralization.
Despite unevenness, the underlying trend in global governance legislation is ticking up towards new and better standards and practices, as national regulatory bodies look to the global picture for learning and synchronicity.
Being motive forces of policy decisions, advisory and executive boards aim to ensure the enduring vitality of the companies they drive. Yet their fitness is just as critical.
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