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  • 2021
    • April (3)
      • Will you drive your vehicle without a dashboard?
      • Are you making SIPs to improve your Emotional Intelligence
      • Corporate Governance needs a Moral Compass – Ethics in Indian Boardrooms!
    • August (9)
      • Grow with Governance: ESG is the umbrella for CSR, says Vedanta's Roma Balwani
      • Challenges of Organizational Culture Change
      • The winding road of leadership coaching in the post-pandemic era
      • ESG & ITS IMPORTANCE FROM THE POINT OF VIEW OF BOARD MEETING
      • Grow with Governance: PadUp Ventures' Rajat Jain Demystifies Correlation of Governance and Economic Growth
      • Grow with Governance: Family governance impacts the culture of a family-run business, says Equations Advisors' Mita Dixit
      • Entrepreneurial Board
      • NEW REGULATORY PROVISIONS RELATED TO INDEPENDENT DIRECTORS
      • Start early, don't wait till retirement to become an Independent Director, says Increate Value Advisors' Milind Sarwate
    • February (4)
      • What Makes Great Boards Great! Performance Evaluation by Boards and Role of Independent Directors
      • Promoter Director – Time to become Custodian of Governance!
      • Diversity and Inclusion – The Board Perspective!
      • Re-examination of Purpose by the Boards in Post -Pandemic Era
    • January (2)
      • Cyber Security Insurance and Boards
      • New Directors - Have you done your due diligence
    • July (7)
      • Kindness is key
      • How to Brand Yourself as a Leader of the Company?
      • Essential HOWs of Boardroom!
      • Top 10 Questions to Ask in Boardrooms!
      • Top 10 areas to contribute in Boards as Independent Directors
      • Grow with Governance: ESG essential to repair the damage economic activities caused to the earth, says CA Shailesh Haribhakti
      • Why Advisory Boards Are Important for Indian Business Corporates?
    • June (6)
      • Are you hesitant to speak in the Boardroom!
      • The Neem Project a Leadership case study
      • Leading from the Boardroom
      • Corporate Governance Deviation – Infosys Case Study
      • Directors Liability in India
      • Why do promoters need Independent Directors?
    • March (4)
      • Modernizing Governance: The Board’s Role in ESG!
      • Board Refreshment: Finding the Right Balance for your Board!
      • Agility and Compassion: Two Pillars for Boards in the Post Pandemic Era!
      • HR Governance and Board – How Important Is It?
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      • How do you make your personal Brand?
      • Restructuring appraisals in 2021 – Gratitude, Purpose & Meritocracy
      • Leadership Coaching: How does it help Leaders
    • October (2)
      • Are Independent Director’s required on the Board?
      • 'Ethics & Governance' lesson should start from school, says Federal Bank's Independent Director, Sankarshan Basu
    • September (3)
      • Grow with Governance: As an Independent Director ensure your voice is heard, says Apurva Purohit
      • Grow with Governance: Push for ESG agenda; pool CSR funds to maximise impact, says Ranganath NK, former MD of Grundfos Pumps
      • Grow with Governance: Boards should prepare companies for different risks, says National Insurance Academy's G Srinivasan
  • 2020
    • August (4)
      • WOMEN DIRECTOR-An Emerge
      • SME IPO – AN OPPORTUNITY TO CAPITALIZE YOUR BUSINESS
      • BOARD MEMBER SELECTION- A TASK OF PERFECTION
      • ARE YOUR BOARD MEMBERS SAVVY WITH FINANCIAL TERMS AND EXCEL IN FINANCIAL LITERACY QUOTIENT AS PER COMPANIES ACT 2013 MANDATES.
    • December (3)
      • Good or bad, Salary Increments always cause a heartburn among employees
      • Is Economic Progress Enough?
      • Emotional Intelligence
    • November (3)
      • Generating Wealth Beyond Money
      • "Agile Mindset for Leadership"
      • Tips for Aspiring Independent Directors
    • September (3)
      • Lean Thinking Boards
      • Independent Director
      • Corporate Governance & Women on Boards
  • 2022
    • August (1)
      • Liability of Independent Directors – An Important Aspect of Corporate Governance
    • December (2)
      • Let us address E(SG)lephant in the Boardroom!
      • Implications of PUFE Transactions on Independent Directors under IBC
    • February (4)
      • Green Bonds: An Instrument for Financing a Sustainable Future
      • Tool for effectiveness of Board Committees - Ask Right Questions
      • A Hero's Farewell: How to handle employee exits with dignity
      • Russia-Ukraine war and India’s Business Implication
    • July (2)
      • Risk Assessment and Minimization Procedures – Role of Board
      • Stagnation or Evolution – Mindset Shifts of Boards when Company sees Stagnated Growth
    • March (2)
      • A study on Sustainability Report of Container Shipping Companies.
      • India and The ESG impact of Crypto Currencies
    • May (1)
      • Independent Directors liability under GST
    • November (1)
      • Workplace Sexual Harassment and the Role of Board
    • October (2)
      • How many Boards are too many?
      • Women in Indian Boardrooms Vs Diversity = Inversely Proportionate
    • September (2)
      • Are you ready to serve on the Board?
      • Organizing for the Future – Important keys to becoming future ready
  • 2023
    • February (2)
      • A Bird’s Eye View on GREEN BONDS
      • Budget 2023-24 –From MSME perspective
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Leading from the Boardroom

By CS Antony Fernando
Calendar

Jun 29 th 2021

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“A decisive Board is cogitative, proactive and supportive” – by Pearl Zhu

Leading from the top through a period of rapid change is a daunting challenge for directors. Interestingly, with an experience to work closely with the stakeholders and take effective yet bold decisions to sustain the Company during crisis, directors and the senior management of companies have become more serious not only towards their fiduciary responsibilities but also towards the duty of extra care and loyalty.

Importance of setting the tone from the top has been well realized by Board and leading by example has now become one of the common practices that company Boards have started following. More focus on governance in addition to the compliance has brought all together a fresh perspective towards businesses and recently with the introduction of good governance models like ESG and BRSR by SEBI, a new though process has started to develop amongst Boards. However, despite making a lot of efforts, still there is a dearth of understanding amongst Indian Boards.

Here are some tips how Boards can encourage themselves to lead from the top and set an example for the stakeholders:

a.     Express Support – Stakeholders in the Company do not need anything more than the support from leaders. Especially in tough times. Therefore, demonstrate support and belief in them, communicate with them on regular basis, address their grievances and concerns, take their viewpoints to the Boardroom and try to incorporate them wherever required.

b.     Encourage Self Care – Make it acceptable to talk about sensitive topics like stress, mental health, harassment and more. As a leader if such topics are discussed about, a culture of voicing out concerns is created and the rate of job satisfaction automatically goes up.

c.      Embrace Learning – Every organization has a way to learn from crisis. Lead the organization to become agile at learning and encourage stakeholders to regularly upgrade themselves.

d.     Embed Change Orientation – Implementing change in the organization w.r.t. its culture, orientation, processes, procedures and more have always majorly reflected a good governance adherence of companies in front of stakeholders.

e.     Take a long-term view - Once directors accept the need for more consideration of the long term, they can allocate their time more efficiently—meeting compliance standards but also buying back hours to go over future-focused concerns.

f.       Lead discussions and make a strong viewpoint - the directors must step back from fighting fires and consider how management’s view of the future squares with their own broader, higher-altitude views. Any agreed-upon strategic plans should be reassessed regularly—not to fit management with a straitjacket but to help directors and senior executives understand whether factors have emerged that may require a shift in priorities or a move in another direction.

Role of (MentorMyBoard) MMB in helping directors lead from Boardrooms:

MMB is on a mission to groom more than 20,000 professionals during the year and is aggressively working towards bringing more aspiring independent directors to leadership roles by empowering them with right skillsets required for Board positions. MMB is offering a platform that prepares Directors towards ethical leadership, robust governance practices, borderless compliance and insights that in turn make competitive Boards potentially prevalent.

MMB is all set to empower Directors and make sustainable Boards in India.

Avail MMB Membership now and be a part of the premium Director Community. Get the right handholding, right mentorship and right attributes now at MMB. Convey your story of directorship and become a part of Board Leadership in the country.

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Read Are you hesitant to speak in the Boardroom! at: Boardroom

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Category

  • All

Archive

  • 2021
    • April (3)
      • Will you drive your vehicle without a dashboard?
      • Are you making SIPs to improve your Emotional Intelligence
      • Corporate Governance needs a Moral Compass – Ethics in Indian Boardrooms!
    • August (9)
      • Grow with Governance: ESG is the umbrella for CSR, says Vedanta's Roma Balwani
      • Challenges of Organizational Culture Change
      • The winding road of leadership coaching in the post-pandemic era
      • ESG & ITS IMPORTANCE FROM THE POINT OF VIEW OF BOARD MEETING
      • Grow with Governance: PadUp Ventures' Rajat Jain Demystifies Correlation of Governance and Economic Growth
      • Grow with Governance: Family governance impacts the culture of a family-run business, says Equations Advisors' Mita Dixit
      • Entrepreneurial Board
      • NEW REGULATORY PROVISIONS RELATED TO INDEPENDENT DIRECTORS
      • Start early, don't wait till retirement to become an Independent Director, says Increate Value Advisors' Milind Sarwate
    • February (4)
      • What Makes Great Boards Great! Performance Evaluation by Boards and Role of Independent Directors
      • Promoter Director – Time to become Custodian of Governance!
      • Diversity and Inclusion – The Board Perspective!
      • Re-examination of Purpose by the Boards in Post -Pandemic Era
    • January (2)
      • Cyber Security Insurance and Boards
      • New Directors - Have you done your due diligence
    • July (7)
      • Kindness is key
      • How to Brand Yourself as a Leader of the Company?
      • Essential HOWs of Boardroom!
      • Top 10 Questions to Ask in Boardrooms!
      • Top 10 areas to contribute in Boards as Independent Directors
      • Grow with Governance: ESG essential to repair the damage economic activities caused to the earth, says CA Shailesh Haribhakti
      • Why Advisory Boards Are Important for Indian Business Corporates?
    • June (6)
      • Are you hesitant to speak in the Boardroom!
      • The Neem Project a Leadership case study
      • Leading from the Boardroom
      • Corporate Governance Deviation – Infosys Case Study
      • Directors Liability in India
      • Why do promoters need Independent Directors?
    • March (4)
      • Modernizing Governance: The Board’s Role in ESG!
      • Board Refreshment: Finding the Right Balance for your Board!
      • Agility and Compassion: Two Pillars for Boards in the Post Pandemic Era!
      • HR Governance and Board – How Important Is It?
    • May (3)
      • How do you make your personal Brand?
      • Restructuring appraisals in 2021 – Gratitude, Purpose & Meritocracy
      • Leadership Coaching: How does it help Leaders
    • October (2)
      • Are Independent Director’s required on the Board?
      • 'Ethics & Governance' lesson should start from school, says Federal Bank's Independent Director, Sankarshan Basu
    • September (3)
      • Grow with Governance: As an Independent Director ensure your voice is heard, says Apurva Purohit
      • Grow with Governance: Push for ESG agenda; pool CSR funds to maximise impact, says Ranganath NK, former MD of Grundfos Pumps
      • Grow with Governance: Boards should prepare companies for different risks, says National Insurance Academy's G Srinivasan
  • 2020
    • August (4)
      • WOMEN DIRECTOR-An Emerge
      • SME IPO – AN OPPORTUNITY TO CAPITALIZE YOUR BUSINESS
      • BOARD MEMBER SELECTION- A TASK OF PERFECTION
      • ARE YOUR BOARD MEMBERS SAVVY WITH FINANCIAL TERMS AND EXCEL IN FINANCIAL LITERACY QUOTIENT AS PER COMPANIES ACT 2013 MANDATES.
    • December (3)
      • Good or bad, Salary Increments always cause a heartburn among employees
      • Is Economic Progress Enough?
      • Emotional Intelligence
    • November (3)
      • Generating Wealth Beyond Money
      • "Agile Mindset for Leadership"
      • Tips for Aspiring Independent Directors
    • September (3)
      • Lean Thinking Boards
      • Independent Director
      • Corporate Governance & Women on Boards
  • 2022
    • August (1)
      • Liability of Independent Directors – An Important Aspect of Corporate Governance
    • December (2)
      • Let us address E(SG)lephant in the Boardroom!
      • Implications of PUFE Transactions on Independent Directors under IBC
    • February (4)
      • Green Bonds: An Instrument for Financing a Sustainable Future
      • Tool for effectiveness of Board Committees - Ask Right Questions
      • A Hero's Farewell: How to handle employee exits with dignity
      • Russia-Ukraine war and India’s Business Implication
    • July (2)
      • Risk Assessment and Minimization Procedures – Role of Board
      • Stagnation or Evolution – Mindset Shifts of Boards when Company sees Stagnated Growth
    • March (2)
      • A study on Sustainability Report of Container Shipping Companies.
      • India and The ESG impact of Crypto Currencies
    • May (1)
      • Independent Directors liability under GST
    • November (1)
      • Workplace Sexual Harassment and the Role of Board
    • October (2)
      • How many Boards are too many?
      • Women in Indian Boardrooms Vs Diversity = Inversely Proportionate
    • September (2)
      • Are you ready to serve on the Board?
      • Organizing for the Future – Important keys to becoming future ready
  • 2023
    • February (2)
      • A Bird’s Eye View on GREEN BONDS
      • Budget 2023-24 –From MSME perspective