We are conducting our webinars celebrating our organization's 10th anniversary in collaboration with Harvard Business Review Türkiye. As part of the A Decade on the Journey towards Governance Excellence we held the second webinar on the topic of Building Effective and Value-Creating Boards with Prof. David Beatty.
8 July 2024
The primary responsibilities of Boards of Directors are to guide and oversee management, ensuring the company is better managed and generates value. It is critical for Boards to consist of members with the right competencies and to establish an effective team structure that works collaboratively. Ensuring that meeting agendas are set to focus time on the right topics, properly informing members with clear and precise documentation, and structuring relevant committees to create a systematic decision-making process are all crucial for value creation.
In this episode of the conversation series moderated by Gizem Argüden Oskay, a Board Member of Argüden Governance Academy, different dimensions of corporate governance are discussed. The guest is Professor David Beatty, Founding Director of the Canadian Coalition for Good Governance, Professor of Strategy at the Rotman School of Management at the University of Toronto, and a member of the Advisory Board of Argüden Governance Academy. Professor Beatty shares insights from his journey, which includes serving on nearly 40 boards, some as Chairman, and his academic work in corporate governance.
Professor Beatty discusses the Board Compass model he developed, explaining the critical characteristics of effective Boards that create value, the role of the Chairperson, the importance of the relationship between the Chairperson and the CEO, and the competencies and behaviors required from Board members today. Additionally, Professor Beatty emphasizes that the technological transformation triggered by artificial intelligence should become a strategic priority for Boards.
