In this episode, Tom Doorley and Hans Gieskes delve into the intricacies of governance, contrasting practices between Europe and the US. They discuss the progress made in governance, emphasizing the crucial role of trust between the board and the CEO, and the impact of culture in shaping boards. This conversation highlights the influence of litigation on US boards, the necessity of open and honest communication and the evolving future of governance.
Keywords: governance, Europe, US, progress, trust, culture, boards, litigation, communication
Takeaways:
Governance is essential for company oversight.
Trust between the board and the CEO is crucial and must be mutually earned.
Understanding and adapting to company culture is key for effective governance.
European boards tend to be more direct and open compared to US boards.
Litigation concerns in the US can lead to cautious board behavior.
Open and honest communication within the board and with employees is vital.
The future of governance depends on fostering dialogue and debate between the board and the CEO.
