In this episode of our Talks with Global Governance Leaders series, held in collaboration with HBR Türkiye, we welcomed Philip Armstrong in a conversation moderated by our Board Member Gizem Argüden Oskay. We explored how global governance standards can be adapted to local needs, the importance of capacity building, and the contribution of good governance to sustainable development.
This video has been published by Harvard Business Review on December 22, 2025.
The effective implementation of corporate governance principles depends on setting global standards, adapting them to local needs, and building the institutional capacity required to support their implementation. This is particularly important in developing countries, where differences in ownership structures, market dynamics, and regulatory frameworks mean that standards need to be tailored to local contexts in order to achieve their intended impact. In addition, capacity-building efforts, including strengthening the capabilities of regulatory institutions, training decision-makers, and facilitating the exchange of international good practices, help enhance both the effective implementation and long-term sustainability of corporate governance standards.
In this episode of Talks with Global Governance Leaders, moderated by Gizem Argüden Oskay, Board Member of the Argüden Governance Academy, we explore different dimensions of corporate governance and sustainability with corporate governance expert Philip Armstrong, who has worked to advance and implement corporate governance principles across the Commonwealth and other regions and previously led the World Bank’s Global Corporate Governance Forum.
Our guest shares insights drawn from his extensive experience, including the localization of good governance practices, examples of effective approaches, and the contribution of good governance to sustainable economic development.
We also discuss the relationship between corporate governance, access to finance, sustainability, and stakeholder trust, as well as capacity-building strategies in emerging markets and the evolution of governance standards over the next decade. Our guest further shares his perspectives on how governance standards can be effectively applied across different country contexts and which areas should be prioritized going forward.
