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The Board as Steward

In: ENTRUSTED Stewardship for Responsible Wealth Creation

Author

Listed:
  • BOON HWEE ONG
  • MARK GOYDER

Abstract

The company is a living system. Employees are its life-blood. Management is the heart which keeps the blood pumping. Strategy is the brain. Measurement and communication are the central nervous system. Culture is the DNA. Leadership and continued entrepreneurial energy are its soul and spirit. Governance and accountability are its rhythms and disciplines. Like exercise, they are a means of keeping this living organism fit and lean. Unless we understand governance in this wide context, we will continually fail to manage risk, sustain performance and earn trust…

Suggested Citation

  • Boon Hwee Ong & Mark Goyder, 2019. "The Board as Steward," World Scientific Book Chapters, in: ENTRUSTED Stewardship for Responsible Wealth Creation, chapter 5, pages 95-126, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811207570_0005
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    More about this item

    Keywords

    Stewardship; Wealth Management; Business; Investment; Entrepreneurs; Wealth Creation; Management;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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