nacd summit governance

Although I came to the National Association of Corporate Directors (NACD) Summit in Washington, D.C., to take part in the discussion about boardroom issues and corporate governance, I must admit I’ve had food on the brain.

From talks about digitalization, to personal conversations, to the summit’s ‘Power Breakfasts’, there has been plenty to digest – literally and figuratively – over the past few days.

Perhaps that’s why a culinary quote attributed to the legendary management consultant Peter Drucker kept floating through my mind during the conference: “culture eats strategy for breakfast.”

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German AGM

We’re in the middle of annual general meeting (AGM) season here in Germany – the one time when every shareholder can address the company and get first-hand feedback from the board. In theory, this should be an exciting day for shareholders and board members alike. In practice, however, German AGMs tend to be very rigid affairs that can take up more than a full day.

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corporate governance

As 2016 drew to a close, many people let out a collective sigh of relief that we could finally put a tumultuous year behind us. For better or worse, 2016 was marked by a number of disruptive events. While the world of corporate governance was not immune to these changes, developments in this area are largely on a different trajectory.

In 2017 I see some positive trends continuing, other trends gaining steam, and a few new developments on the horizon.

Competence over connections

It would seem obvious: supervisory board positions should be filled by the most competent candidates. In practice, however, this is not always the case. Often, it’s personal connections that play a more important role when filling supervisory board positions, but in recent years, the competence of candidates has become a more prominent consideration. I am happy to say this trend will continue in 2017.

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