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Governance

Baggage
Biz StrategyGovernance

Distinction-cum-baggage: The board director’s track record

A recent Bloomberg article found: of more than 600 directors and executives of the world’s 20 largest banks, only few individuals had experience in renewable or sustainable industries. Far more had ties to polluting industries: At least 73 individuals even have at one time or another held a position with one or more of the biggest corporate emitters of greenhouse gases, including 16 connected to oil or refining companies. The irony: it is precisely the directors’ prior track record and experience, one of the very reasons why they got (s)elected onto the board, that could jeopardise their board’s forward decisions.
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Tennis Ball and Court
Biz StrategyFinanceGovernance

Dropping the Ball: How sustainability (ESG) competent and capable are boards?

Expertise is a key discussion topic when it comes to board composition. Not only during the hiring process, but also when looking at the tenure in and renewal processes of board. According to a recent article by Board Agenda: a number of risks that have raised Directors & Officers concerns, and even litigation. These include [...] climate change and environmental issues; the #MeToo movement and other societal risks and merger objection litigation. Hence the question is: How sustainability (ESG) savvy and capable are boards?
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Diversity-and-Inclusion
Biz StrategyGlobalisationGovernance

Fashion Companies & their Boards of Directors: Rotten Eggs in a Diverse World

Diversity and Inclusion is a highly relevant topic not ‘just’ because it is all about equality and justice. But as long as entire parts of our global population remain disenfranchised, and desperate to just survive from day to day, tackling challenges - and in particular Climate Change - that affect all of us, indiscriminately, remains impossible. Boards of Directors set out the "Tone at the Top', also in matter of diversity and inclusion. In fashion companies, what exactly is the tone, the music, that they are creating?
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Conflict
Biz StrategyGovernance

When the S**t hits the fan: Building bridges over the stakeholder divide in tough times

An NGO comes after you – for the right or the wrong reasons. A journalist publishes an article. The content: inconvenient truths, or equally inconvenient fake news. Or simpler: The staff churn in your company is way above average. And no one seems to know why. The meetings, the clashes, the disagreement, the blaiming that comes with it. Yes, been there, done that. Thankfully, there were times I was not a party in the conflict. Instead I was assigned the (ungrateful?) task of figuring out how to resolve it, build bridges, and ‘get stuff done’. Not just once, but a few times. What initially was of me ‘winging it’, over time – with trial and error – turned into something more structured. Still not perfect – it never will be, there is always room for improvement – but a flight-by-instrument rather than a blind adventure. This post is my first try at illustrating, verbalising, this process.The steps I use, and what their intention is. With the hope of it being as useful to others as it is and was to me.
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Doughnut Economics
Biz StrategyGovernanceLabels

Tools of the trade for the Doughnut business? A status quo comparison

In an earlier post I asked: How can business, a business, downscale the Doughnut and make it operational? In this post I look at three tools that praise themselves of being either part, or even all, of the support a business needs on the journey to integrate the Doughnut Economics concepts. Namely: Science-based Targets (SBTs), the B Impact Assessment(BIA), and the Future Fit Business Benchmark (FFBBM). What are their fundamental differences and similarities? Are they indeed a tool to help on the path to keeping within the Doughnut boundaries?
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Sky at Night
Biz StrategyCircularityOpinions

Why bother – with Sustainability? Start with Why

Over a decade ago, Simon Sinek pointedly demanded: Start with Why. Targeted at a then rather uninspiring marketing and branding industry, 10 years on is still as valid as ever. Just now, we need to ask businesses: Why are you bothering with investing millions, and thousands of hours into sustainability? Often the answer will be: because we have to. An answer just as uninspiring as the sales slogans Sinek was bashing a decade ago. Because when it comes to Sustainability: Know your genuine Why. Or don't bother.
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Boring cobble stones
GovernanceOpinions

The Leadership Difference II: Lots of little boring things

Consistency is one of those traits that is coveted by business journals and business leadership as possibly the most important ingredient in leaders. For a simple reason: Consistency — whether good or bad, positive or negative — provides the business, its employees, and stakeholders with a known quantity. But what is often forgotten: A leader is never, ever made over night. It is a life long process. And just like a relationship, the accumulation and significance of small little things that are done over and over again is more often than not underestimated.
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Time to Think
Biz StrategyGovernanceOpinions

The leadership difference: Time to Think

Research has known for a while that when someone in your presence is trying to think, much of what you are hearing and seeing is your effect on them. That is also the case for boards. Because: under the right conditions and circumstances, people will – invariably – think for themselves. Just: is that desired?
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Brockman 4 Iron ore Mine train
Biz StrategyGlobalisationGovernanceMaterials

Juukan Gorge and Leadership Ethics – Compound interest of: technocratic lawyers + profit focus + racism

On May 24th 2020 Rio Tinto blew up the Juukan Gorge rock shelters in Australia, which ancestors of the Puutu Kunti Kurrama and Pinikura (PKKP) people occupied over the course of 46’000 years.There are a multitude of lessons to be learned from the entire process that lead to the disastrous blast of a site of such archaeological importance. But also from how the scrutiny in its aftermaths and the have been. Here a selection of just a few to think about.
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Greenwashing
Biz StrategyGovernanceSupply Chain

The Power of Questions: An upside to Greenwashing?

Greenwashing is defined as 'the expression of environmentalist concerns especially as a cover for products, policies, or activities'. There also exists Diversity-washing, Governance-washing, or skill-washing for example. In itself a truly nasty thing, there is an unexpected upside to Greenwashing however: it will come back to haunt the greenwasher. Maybe not fast, but no doubt steadily. Just like the tortoise won the race against the hare.
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The World Upside Down
Biz StrategyCircularityConsumer-ismGovernanceOpinions

Quality vs Quantity – Or: Preparing the growth elephant for landing

There are two approaches on how we can define of what is viable and desirable for our global economy. In one, the 'soft attributes' and non-physical factors such as consumer desires, lifestyles or distribution of goods are a fixed attribute. In the other, quantifiable, physical attributes - amongst them natural resources - are fixed. The challenge of boards in this time and age: Recognising that the first - the present - is failing. And outlining the path towards the second.
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Telling Fairy Tales in the Board Room
Book ReviewsGovernance

Beating the dragons: Fairy tales in the board room

Fairy tales are typically something for kids. Particularly young kids. Over the centuries they have been used to convey fundamental social mores, warnings from danger, and to inoculate a shared understanding of what ‘good’ and ‘bad’ looks like. These characteristics though make fairy tales an ideal, if very uncommon, vehicle to convey information and learnings also in management literature. This book hence is a rare find.
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Plastics Packaging in Bales
Biz StrategyCircularityGovernance

EU Plastic Waste Tax – Or: What went wrong, when compliance fuels R&D?

The cat is – long-time coming - finally left out of the bag: while drawing up a Covid19 recovery package, EU legislators have decided to introduce a levy on non-recycled plastic as per 1st of January 2020. Reading through the text, two points offer a considerable surprise: The short notice, the wording, and the focus on packaging. But how come that legislators seem to drive the industry R&D agenda? Here a few questions for boards to ask their CEOs to get to the bottom of this.
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Cape Town Dancing Woman Mural
Biz StrategyGovernanceOpinions

The Colours of Us: Go serious – Or go home

This post is going to be somewhat more personal than how I usually write. Normally, I try to write and argument as factually and data driven as possible. I’m not one that feels comfortable to carry my emotions on my sleeve. And even less as some of the topics I write about are truly important to me. But: There are a couple of things that upset me in the present. They related to the #blacklivesmatter movement on the one hand, but maybe more specifically to the related discussion on #racism – globally. -> Includes a list of practical resources for corporate boards
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Ethics and Leadership
GovernanceOpinions

Whose call is it anyway? Leading by Example – A value, ethics and accountability challenge

Decisions in companies, brands, and businesses are never based either on a single argument, or the consequence of a single person’s ‘way’. Rather, companies have, to an extent, their own personality. Key Question: a decision taken by this organisation – is it largely independent from, or a necessary consequence of, the decision(s) that the individuals within the organisation have taken?
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GovernanceLabels

Sustainability & Standards: Thoughts about best practice

Of the close to 500 eco-labels that exist worldwide, just over 100 apply to textiles, according to the Eco Label Index. Behind each label is, or should be, a standard that backs up the claim being made. Given the prevalence of standards, the following questions arise: Why do standards exist? What value do they deliver? What are their limitations? What is ‘best practice’ for standards, their development process? What about the proliferation of standards?
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