|Mentoring Circles Topic 5: Commitment|
Legally, directors are committed to act in the best interests of the company, simultaneously taking stakeholder perspectives into account in decision-making and governance processes.
Directors need to be committed to sound corporate governance processes, and unquestionably committed to act within legal requirements. This defines in essence a commitment to ethical practices. They simultaneously need to be committed to achieving the company’s vision, ensuring that the company strategy is appropriate to achieve the vision, and that management follows through to deliver on the strategy. Commitment to upholding company values is intricately part of all other commitments.
Board commitment is seen as the key driver of any successful programme within companies.
King Code of Governance principles (King III)
The actual individual problems to be mentored will be raised during the Circle. The following are intended to serve as thought-starters only: