Corporates should strengthen this vital institution of corporate governanceOver the last decade, the business scenario across the world has become increasingly complex and uncertain, and we are truly living in a VUCA world—Volatile, Uncertain, Complex and Ambiguous—which creates difficult conditions and situations for doing business. At the same time, a powerful force is driving the entire business world towards a new commercial reality. The power of rapid technological changes is fast transforming the world into one common marketplace for goods and services. The greatest challenge before managements today is: How to keep strategic control on the business while simultaneously decentralising operational control? The series of global financial scandals (and the collapse…
