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Good Governance: Key to Sustainability

Jan-Olaf Willums, Member of the Global Corporate Governance Forum’s Private Sector Advisory Group, outlined why good corporate governance principles are essential to a company’s sustainable growth at the Dubai Chamber conference on "Good Governance Matters" in October 2010.

Williams began by defining corporate social responsibility as a structured way to handle society’s challenges. “CSR involves increased efforts to align corporate goals with those of society. CSR implies profitability being judged by a longer time frame.” Boards need to reflect different stakeholder interests and develop competencies beyond industry knowledge to demonstrated experience in being receptivity to new agendas.

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