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Biography & CareerBibhu Mohapatra was born on June 7, 1922, in India. His education was completed at Utah University in the US. He was married in 2014 to Robert Ronae Beard. Bibhu Mohapatra started his career as a fashion designer at J. Mendal and left to find his own way of starting a new foundation, which is his Purple Label. Since 2008, he has been giving more stylish clothes, fine costumes, and accessories. His first collections were launched at New York Fashion Week in 2009, and they Were marvelous. Bibhu Mohapatra’s luxury women’s ready−to−wears are demanding attention under his umbrella in New York, Houston, Palm Beach, Tampa, Houston, Mumbai, New Delhi, Frankfurt, Beijing, Mexico, and Costa Rica. Bibhu Mohapatra’s has many boutiques around the world to sell his collections.
Puma’s creative director, who was dressed in a June Ambrose in a white silk faille gown, which was a handmade creation of Indian style embroidery and brilliantly designed by Bibhu Mohapatra. In 2023, for the Met Gala, Mohapatra’s Spring 2023 collection was Amrita Sher−Gil’s inspiration.
Bibhu Mohapatra has been associated with Forever Mark since 2023. It is a Forever Mark, which is a division of DeBeers. Bibhu Mohapatra launched a collection of amazing diamond jewellery in 2023. Forever Mark provided an assortment of diamond jewelry, which complimented his Fall−Winter 2023 collection during New York Fashion Week. The first exclusive collection by Bibhu Mohapatra was called “Artemis by Bibhu Mohapatra. In 2023, Bibhu Mohapatra’s second DeBeers collection was launched. He passed the 10−year mark with his 2023 fall collection.
Bibhu Mohapatra’s Inspiration Bibhu Mohapatra’s Charitable WorksIn India, in his own state of Odisha, Bibhu Mohapatra helped by designing many collections of hand−woven silk saris for the traditional hand weavers.
The India Society is a New York institution that was founded to assist students of fashion and fine art and provide internships and tutoring in universities across the US. Bibhu Mohapatra is the co−founder of this India Society.
Bibhu Mohapatra’s Honourers and AwardsThe Washington National Opera at Kennedy Centre in Washington, DC, called Bibhu Mohapatra in 2023 to design costumes for the post−COVID reopening in the honour of Supreme Court Justice Ruth Bader Ginsberg. Bibhu Mohapatra was the primary costume designer for the Verdi opera Aida, which started in New York during the 2012 summer season at the Glimmerglass Opera in Cooperstown.
Bibhu Mohapatra received the “Young Innovator Award” from the National Arts Club in 2010. He was elected a member of the Council of Fashion Designers of America. In June 2010, SCAD Atlanta presented the exhibition “Surface” by Bibhu Mohapatra, an exhibition encompassing work from many seasons In 2013, Mohapatra was a finalist for the 2014 International Woolmark Prize.
DNA, Journal, Marie Claire, and Gotham Vogue are among the fashion magazines that publish and approve works about the fashion industry and its contributions. In Touch Weekly, the New York Times, and Forbes.
ConclusionBibhu Mohapatra’s tagline is “creativity from the roots,” and he has made us proud as Indians with his genius work and contributions to the fashion world. He lives and works in New York City but always remembers his motherland and its tradition, which is the most remarkable characteristic of any successful creator in the fashion world and world−wide. Bibhu Mohapatra showed us how to be humble and kind with the justification of our work without leaving anyone’s signature style and ownership of our fields of creation or work.
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A Legacy Of Creativity In Poems And Prose
A Legacy of Creativity in Poems and Prose Poet and activist Grace Paley to read at tonight’s Lowell Memorial Lecture
Grace Paley will read from her work as part of tonight’s Robert Lowell Memorial Lecture. Photo by Gentl and Hyers/Arts Counsel, Inc.
BU’s Creative Writing Program has seen its share of rising stars. Poets Sylvia Plath, Anne Sexton, and George Starbuck sat in Room 222 at 236 Bay State Road in the 1950s for classes taught by visiting lecturer Robert Lowell. In celebration of the Creative Writing Program’s rich legacy, prominent writer, thinker, pacifist, and feminist Grace Paley will read from her work at the Robert Lowell Memorial Lecture tonight at 7:30.
“Though the series emphasizes poetry, we want to include fiction writers as well,” says Robert Pinsky, a College of Arts and Sciences professor of English and three-time U.S. poet laureate. “Grace is a profound, funny writer, elegant and down-to-earth.” The evening will also include readings by Pinsky and Samantha Mineo Myers (GRS’02), a CAS Writing Program lecturer.
“I guarantee that Grace Paley’s reading will be full of life and art,” says Pinsky. “People who attend will be very glad they did.”
Paley is known for her short fiction, her poems, and her political activism. She is the author of three books of short fiction: The Little Disturbances of Man, Enormous Changes at the Last Minute, and Later the Same Day. A compilation of her previously published work, The Collected Stories, was reprinted this month. She has published three books of poetry, Leaning Forward, New and Collected Poems, and Begin Again: Collected Poems, and a book of short stories and poetry, Long Walks and Intimate Talk.
She has received the Edith Wharton Award, the Rea Award for the Short Story, the Vermont Governor’s Award for Excellence in the Arts, and the Jewish Cultural Achievement Award for Literary Arts. She is a member of the National Academy of Arts and Letters and was named New York state’s first official writer.
In addition to her writing, Paley has been active in protesting nuclear proliferation, American militarization, and the Vietnam War. Her one nonfiction work, 365 Reasons Not to Have Another War, was published in 1989.
“In my experience, Grace Paley’s art, her humanity, her wit, and her political ardor are all part of one admirable unit,” Pinsky says.
The semiannual Robert Lowell Memorial Lecture Series was established in 2005 to bring distinguished writers to campus to read their works alongside a member of the Creative Writing Program faculty and a recent graduate of the program. The lecture series is funded by Nancy Livingston (COM’69) and her husband, Fred Levin, through the Shenson Foundation in memory of Ben and A. Jess Shenson.
“By including brief readings by a recent student and a faculty member before the reading by a visiting poet or fiction writer,” says Pinsky, “we honor the spirit of that class [in Room 222], which we hope endures.”
Pinsky is the author of six books of poetry, four books of criticism, two books of translation, and a prose book. He is a member of the American Academy of Arts and Sciences.
Myers, who earned an M.A. from the Creative Writing Program, will read some of her poems. “It’s an unexpected honor to read, of course,” she says. “Mr. Pinsky’s readings are always engaging, and it will be the first time I’ve heard Ms. Paley read her work.”
An archivist for the Poetry Foundation and a finalist this year in the Massachusetts Cultural Council’s Artist Grant Program, Myers’ poetry has been published in several journals, including New Orleans Review, Washington Square, and Notre Dame Review.
“You will see from the reading that Samantha is a marvelous writer and — as her BU students can confirm — a magnetic personality,” says Pinsky.
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The Linux Foundation And The Uneasy Alliance
Is the Linux community under-represented in the Linux Foundation?
Last week, this question raised controversies when Free Software Foundation director Matthew Garrett observed that the Linux Foundation had eliminated voting rights for individual members and changed its bylaws to make at-large board members optional.
Observing that these changes were made shortly after Karen Sandler of the Software Freedom Conservancy announced her intention to run for the Linux Foundation board, Garrett speculates that they were made to keep her off the board, because her interest in license enforcement was at odds with the Linux Foundation’s policy.
Clearly, to many, the Linux Foundation represents the community poorly. However, the accuracy of that perception seems more mixed that either side seems willing to acknowledge.
The Linux Foundation and the Uneasy AllianceBoth these practices, however common they may be in non-profit professional organizations, could hardly be more different from the egalitarian governance that prevails in open source projects. Nor does it help that the Linux Foundation’s budget is almost twenty times greater than that of the Free Software Foundation, the organization that perhaps comes closest to representing the community as a whole. Given these differences, conflict seems inescapable.
Yet despite these natural differences, the Linux Foundation has benefited the community as much as its members corporation. Among other things, it funds leading developers like Linus Torvalds, allowing them to work without being unduly influenced by corporate donors. It supports resources like OpenPrinting, the database of printer compatibility with Linux. When key projects like SSH were found to be underfunded, the Linux Foundation stepped in to provide vendor-neutral relief. From the first, the Foundation has also supported LinuxCons in North America, Europe, and Japan, providing some of the major Linux conferences today.
Cynics might say that these services are for corporate members, but that hardly matters — such services cannot be provided for corporations without also benefiting the community, any more than the rich can have street lights for themselves but not the general public. To condemn these services because they are judged to be delivered non-democratically would be hypocritical, considering that the community tolerates many projects controlled by a BDFL (Benevolent Dictator for Life).
However, from the first, Linux Foundation’s version of chúng tôi has emphasized technical material rather than news articles, no doubt to avoid the possibility of upsetting members with negative reviews. It continues to attract first rate writers like Carla Schroeder and Swapnil Bhartiya, but its rates are low compared to sites like LWN or Linux Pro Magazine.
Even more noticeably, forum activity has dropped dramatically — out of thirty forums, only six have last posts that are less than a week old, and, on twenty, the last posts were several months ago.
Whether the Linux Foundation is to be blamed for these circumstances is uncertain. However, add them to the changes in governance observed by Garrett, and the Linux Foundation does seem to be paying less attention to the community than it once did — and, as the responses to Garrett’s blog shows, the community is reciprocating with the anger and suspicion that is never far away from Linux’s uneasy alliance.
Reviving the allianceYou do not have to take sides to be concerned about this situation. Although the alliance responsible for Linux is often uneasy, it is responsible for Linux’s runaway success, with both the community and the corporations offering what the other has not.
Garrett’s blog was rashly worded, but it still raised legitimate questions that many would like answered — questions like, “Why were the bylaws about representation changed?” and “”What can the Foundation do to give the community greater involvement in its activities?”
Of course, some might say that as a 501(c) (6) American non-profit, the Linux Foundation cannot be blamed for any of its actions, and is only doing what it was designed to do, and representing its corporate members. However, given that the members of the uneasy alliance are dependent on each other, the Foundation would be acting in the best interest of its corporate members if it addressed the apparent problems with the community directly and in detail. The sooner such actions are taken, the better for everyone.
Feld Family Foundation Pledges $10 Million To Bu
Feld Family Foundation Pledges $10 Million to BU Three endowed professorships included in major new gift
The Feld family: Kenneth (SMG’70), with (from left), Nicole, Bonnie (CAS’73), Alana (COM’02), and Juliette.
The Feld Family Foundation has pledged $10 million to enhance faculty development and other University projects, Boston University President Robert A. Brown announced today.
The Feld Family Foundation is a private philanthropic organization administered by the Feld family, Kenneth Feld (SMG’70), Bonnie Feld (CAS’73), and their daughters Nicole, Alana (COM’02), and Juliette. The foundation is dedicated to supporting higher education, the performing arts, and conservation of the endangered Asian elephant.
Prior foundation support established the Feld Family Career Center at the School of Management and the Feld Family Skating Center at Agganis Arena. This new pledge is a key facet of BU’s multiyear development plan led by Brown and the Board of Trustees.
“The Feld family’s generous gift points directly to the heart of the University’s strategic plan to strengthen the quality of the faculty,” says Brown. “Furthermore, the family’s philanthropic initiative provides a shining example for alumni and friends of the University to emulate. We truly appreciate their benevolence and leadership.”
Kenneth Feld, chairman and CEO of Feld Entertainment, a BU trustee, and chair of the Trustees’ Development & Alumni Committee, designated $7.5 million through the foundation to establish three endowed professorships, one in each school attended by a Feld family member: the Feld Family Professorship of Marketing in the School of Management; the Feld Family Professorship of Teaching Excellence in the College of Arts & Sciences; and the Feld Family Professorship of New Media in the College of Communication.
The balance of the donation, $2.5 million, will be allocated by mutual agreement.
“Our goal at the Feld Family Foundation is to support higher education, particularly as it relates to those educators setting the pace and challenging the minds of tomorrow’s leaders,” says Kenneth Feld. “We are an alumni family, and we have all benefited from our experiences with BU and are very pleased with the direction Dr. Brown is taking the University. Through the Feld Family Foundation, we are in a position to give back to BU so others can experience the same opportunities.”
Feld Entertainment is the world’s leading producer and presenter of live family entertainment. A privately owned and operated family company, it is the parent company of Ringling Bros. and Barnum & Bailey, Feld Motor Sports, Disney On Ice, and Disney Live! With more than 5,000 performances annually and tours in more than 65 countries on 6 continents, the company’s shows are seen by more than 30 million people each year.
“The magnanimous pledge by Kenneth and the Feld Family Foundation is truly commendable for its focus on fortifying our teaching resource,” says Robert A. Knox (CAS’74, GSM’75), chair of the Board of Trustees. “Their support ensures that our commitment to excellence will be achieved.”
Alan M. Leventhal (Hon.’09), a trustee and former trustee chair, who oversaw creation of the current 10-year, $1.8 billion strategic plan, adds, “The Feld Family Foundation’s gift is magnificent and particularly important to Boston University. Not only has Ken’s leadership role as a trustee been critical, but as an alumni family, he and Bonnie have set a new standard of generosity. They and their daughters have made family philanthropy a top priority. Their example will continue to inspire alumni giving for years to come.”
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Best Kids’ Desk: Home And Bedroom Furniture To Boost Creativity
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The best kids’ desks will bring order into your home, plain and simple. You know how un-fun it is to help your kids pack their book bags when their homework is scattered across every room in the house? Or have you noticed how unmotivated you are to pull out and set up an art project for your kids when all the supplies are buried in the back of the hall closet? Whether for homework, crafting, art projects or computer work, having a designated space where kids can work builds healthy routines, fosters independence, and encourages creativity.
Furniture for kids can be confusing, with the need to purchase the right size for your ever-growing child. We are going to help explain and suggest some great options to create a productive workspace for your kids whether it’s for toddler crafts, or for slightly older kids’ homework and studying. The best kids’ desks will provide the right amount of space for their projects, offer storage to help keep your child organized, and be stylish, sturdy, and durable.
Features to consider when shopping for the best kids’ deskFinding the best kids’ desk is an important decision, as this may be furniture your kids use every day. We’ve done the research and here are some tips and reviews to help you choose the best kid’s desk.
Looking for a desk for kids, but also a chair?The best kids’ desk and chair combination sets will be well made, sized appropriately, and priced well. Often when you are looking to set up your child’s workspace, buying a desk and chair combination set is a smart idea because you can rest assured that the two pieces will be sized exactly to work together. Also, aesthetically, the two pieces will blend seamlessly with your kid’s bedroom furniture or your den. Another bonus is that manufacturers will offer multiple-piece sets for less cost than if you were to try and buy the items separately.
Features to look for in the best kids’ desk and chair sets are solid wood construction, a warranty against defects in construction, as well as certification that the materials used are safe and non-toxic. Look for a kids’ desk with storage, including drawers, bins, or shelves to help keep your kid’s workspace orderly. Finally, consider safety—especially if you’re buying for younger kids. You want to be sure there aren’t any sharp edges or dangerous parts.
Best kids’ desk and chair set: Guidecraft Children’s Media Desk and Chair SetThis is a great choice for elementary-aged students, as it can be used as a laptop workstation, and comes with a desk, chair, and hutch. The corkboard panel on the back of the hutch allows for pinning mementos and important papers. All storage is open concept, easy for locating, but doesn’t hide messy supplies.
Want an adjustable desk for kids as they grow?What can you do? Kids grow like weeds. Every parent painfully knows the snow pants you buy this year won’t fit next year. When it comes to bigger purchases like furniture, you have to consider that they will outgrow this as well. A smart solution for this problem is to consider a kids’ adjustable desk.
A kids’ study table or desk is considered the right size when they can sit in a chair with their feet on the floor and their elbows resting comfortably on the tabletop. Guidelines for proper height change as your child grows, so being able to lift the table height higher can get many more years out of the table or desk. Alternately it can also mean different aged children, and even adults can use the same desk and just simply adjust the height according to their need. Flexibility gets more miles out of your furniture purchase.
Best kids’ adjustable desk: ApexDesk ALSD2128-BL Little SoleilThis utilitarian desk is a good choice for rapidly growing students. The table legs are adjustable with a hand crank, so it can grow along with the child. Rounded corners keep kids safe, and the tabletop has a scratch-resistant coating.
Do you need a larger kids’ table and chairs for crafting projects?Sure, you can turn your dining table into a multi-child crafting station, but do you really want to? You know full well that you are just a few rushed projects away from trashing the table so badly that you can only use it “formally” with a tablecloth. Save yourself the headache and consider a kids’ art desk that is designed specifically for crafts projects and activities that benefit from a larger workspace.
The best kids’ craft tables will offer a large surface area and be constructed out of solid, durable materials with a scratch-proof finish. Additionally, crafting tables should offer storage solutions for art supplies. The design should take children’s height into consideration, as well as safety features like rounded corners to prevent any unnecessary accidents.
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Best kids’ art desk: Martha Stewart Living and Learning Kids’ Art Table and Stool SetThis kid’s art desk is a functional and stylish art station, with enough space and seating for two children (the manufacturer recommends the table is used for ages 4 and up). The addition of organized storage for bins, paper rolls, and cups will make keeping supplies orderly. With a table height of 24 inches, this should work (depending on height of child) from ages 4 to 9 or 10 years old.
Are your kids always moving around the house?For mobile little workers, a great solution is a lap desk for kids. The best lap desks for kids will offer a sturdy surface for both laptop work and writing, reading, and drawing. They will be lightweight, easily stored and reasonably priced. You can find a variety of styles depending on where and how your kids work best. A simple cushioned pillow with an attached flat work surface is a good choice for kids who work mostly with a laptop on the couch. If your child needs a lap desk that allows for more varied work, a small table-style lap model would be a good choice. Some even offer side bins for books and pencil storage. The best lap desk for kids will have legs that are foldable for easy storage in a closet or under a bed.
Best lap desk for kids: Loddie Doddie Foldable Lap Desk with Storage PocketThis durable, candy-colored plastic lap desk for kids is a great solution for moving around the house. The legs tuck away when not in use to make storage easier. The desktop lifts up to offer a convenient storage pouch for books, paper, and supplies. Scaled for children and teens, this desk weighs only about 2 pounds—and is reasonably priced.
Looking for a desk for your preschooler?Toddlers and preschoolers grow ridiculously fast, but they also require the right-sized chairs and tables for their work. Outsized tables and chairs can be frustrating and even dangerous for the smaller members of your family. Proper seat height should allow children to have their feet flat on the floor for safety and stability, and that just isn’t going to happen on any full-sized furniture in your home.
Best toddler desk: Delta Children MySize Chair Desk with Storage BinThis durable, non-toxic, scratch-proof engineered wood chair is a practical choice for your toddler’s reading, coloring, and writing activities. Under the seat, a fabric bin can be used to store books and supplies, and on the tabletop, there is a removable cup for crayons or markers. This is a great space-saving solution for preschool-aged kids.
Best kids desk on a budget: What you can get for under $50If you are looking for the best kids’ desk on a budget, you will most often find simple table-style desks or portable lap desks in the under $50 range. When cutting costs, you will typically not find a desk and chair combination set, and you might notice a lack of drawers and storage attachments. You can find some budget toddler tables and chair sets made out of durable plastics.
For under $50, you can get a smaller scale table that is stylish and functional. You can add your own seating and storage as well. Be careful to consider the reviews and materials used in budget furniture. Steer clear of particle board, which will not support weight and can sag or fall apart quickly.
Best budget kids desk: Computer Desk 40 inch Kids Writing DeskThis is a stylish smaller scale desk made of durable materials and suitable for holding computers, or just as a streamlined workspace. At less than 20 pounds, this option light enough to move around as needed. The height of the table is 29.1 inches (on par with adult desks), so this would be a better choice for older children. For more flexibility, you could pair this desk with an adjustable height chair.
FAQs Q: How do I choose a kids’ desk?The first thing to consider is use. If the child is smaller and plans on doing a lot of crafting projects, a larger surface table-style desk might be worth considering, as the added space will be useful for spreading out supplies and art. For older school-aged children, it’s worth considering a more traditional desk with storage drawers. Room for their laptop, notebooks, and drawing supplies is important.
Q: What makes a great kids’ desk?A great kids’ desk will be sized right for the child and the room; it will be sturdy; constructed out of non-toxic materials, and be easy to clean. Consider drawers or additional storage for basic supplies. An option with adjustable height is a way to have the desk last for more years as your child grows taller.
Q: How tall should a kids’ desk be?a chair that allows for their feet to be placed on the floor with the knees bent 90 degrees. For example, a preschool child might consider a table that is 18 inches high, while an older elementary-aged student should consider one 25 inches in height. If measuring yourself, have your child sit in their chair, and add at least 7 to 8 inches above the chair to allow for the child’s legs. The child’s elbows should rest comfortably on the table while seated. Manufacturers should assist with this by providing age-appropriate guidelines to make your purchase easier.
A final word on shopping for the best kids’ deskInvesting in the best kids’ desk will ensure a designated space to encourage independent work and creative play. Your desk should fit the space, offer storage, be non-toxic, and be a comfortable size for your child.
What Is The Meaning Of Corporate Governance?
It is also an interesting topic of study, and much has been written about it in recent years, especially when it comes to bad governance.
Regardless of the type, size, or purpose of a company, all board members are responsible for ensuring that their organisation’s governance is fit for purpose.
A simple description of corporate governanceCorporate governance is what a board of directors handles and reports on.
There are different areas where boards can look at their effectiveness, and one of these is the strategic focus.
The board must anticipate the future needs and sustainability of the organisation and develop an overall mission and vision.
The board must also seek a wide variety of inputs from different team members and be good listeners.
Finally, the board members must prioritise the interests of the organisation above any individual needs.
Everyone on the board should be clear on their roles and responsibilities.
Read more: The eight great duties of a board member.
What is good corporate governance?Good corporate governance also means the directors examine the market and the regulatory and social environments they work in to build practices and procedures that meet the sustainable needs of all stakeholders.
Three essential questions the board of directors must answer as part of their governance are:
Who has the power in a company, and who makes the decisions?
Are the correct decisions being made?
How are employees and directors compensated, and what controls are in place to ensure all stakeholders’ interests are met?
Good corporate governance is essential when we look at what happens when there is bad corporate governance, which can cast doubt around a company’s operations and profitability.
Good corporate governance seeks to balance individual, social, and economic goals to ensure positive and sustainable outcomes for all.
Read more: The importance of good corporate governance.
What are examples of bad corporate governance?Over the past decade, corporate scandals resulting from bad governance have dominated the news cycle more than ever.
Significant sexual harassment, product recall, corporate negligence, and fraud cases reveal larger, pervasive problems – these incidents are not isolated incidents.
Amid the widening income inequality following the Great Recession in 2008, many corporate CEOs and other leaders have acted in ways that have brought shame and near ruin to their organisations.
Here are five examples of what happens due to bad corporate governance:
1: The Foxconn suicides in 2010
The Foxconn plant in China, where Foxconn manufactures parts for iPhone, PlayStation 4, and Xbox One, reported 14 suicides in 2010. Foxconn’s U.S. customers, including Apple and Hewlett-Packard, were threatened by the scandal and their reputations burned.
2: The FIFA corruption scandal 2023
3: The Volkswagen emissions scandal 2023
Volkswagen models had been found to emit poisonous nitrogen oxides in illegally high levels. Illegal software was found in the polluting cars that would detect when they were being tested and alter their performance to pass the test. Eleven million vehicles were believed to be equipped with the software. VW was fined over $25 billion in the United States and had operating losses of $1.77 billion in 2023.
4: The Wells Fargo account fraud
According to the Consumer Financial Protection Bureau, Wells Fargo employees opened approximately two million unauthorised credit and deposit accounts between July 2023 and September 2023. The company opened tens of thousands of accounts without customer consent to achieve sales targets and other incentives. In addition to transferring funds from authorised accounts to the unauthorised accounts, they charged the unsuspecting customers fees and additional charges.
As a result of the phoney accounts scandal, Wells Fargo was fined over $2 billion, more than 5,000 workers were fired, and CEO John Stumpf stepped down.
5: The Facebook-Cambridge Analytica data scandal
According to two articles published simultaneously by The Guardian and The New York Times on March 17, 2023, Cambridge Analytica harvested data from over 50 million Facebook profiles to help Trump’s election campaign. Facebook was engulfed in several significant scandals since 2023, creating distrust among Americans, and 44% of Americans now believe Facebook divides the country.
What are the principals of corporate governance?Corporate governance is a system of rules and practices, which help direct and control an organisation.
The principal of good governance seeks to balance the interests of all stakeholders, such as customers, suppliers, and employees. Corporate governance is the primary responsibility of the company’s board of directors.
Board members today are under increased public scrutiny and must be aware of the risks in their environment. They must also operate in a way that is accountable, transparent, and fair. Their most important job is to ensure that the CEO and the management team are operating within the law and in the best interest of stakeholders.
The practice of good governance means setting up good rules and practices, which is highly important in terms of investor relations since it shows integrity and helps companies build trust.
Excellent and transparent governance ultimately helps the organisation to remain financially viable in the long term. Communicating good corporate governance to external stakeholders is essential.
Profitability will not be the only area investors look to for the health and strength of the organisation. A business must demonstrate good corporate citizenship through sustainable and ethical practices in the community. This is known as ESG or environmental, social and governance.
Who is responsible for corporate governance?The board of directors is the central entity responsible for corporate governance. However, some of this work may also be done by committees appointed by the board.
The board’s role is also to manage the relationship between the organisation’s owners and its managers and employees to avoid conflict, set a high standard for performance, and ensure fair practices.
Why should companies invest in improving corporate governance?Without good corporate governance, a business can quickly ‘go off the rails and end in disaster. Investors like to see companies that invest in good corporate governance. A big warning sign for investors and regulators is when a company is seen not cooperating with auditors.
Good corporate governance has positive effects:
Corporate governance involves the practices put in place and managed by the board to ensure sound risk management, transparency, and ethical practices.
Corporate governance involves the rules and practices through which the company is controlled.
Good corporate governance results in substantial economic growth and corporate success, improved investor confidence, an ability to raise capital, lower risk, and improved share price.
How to join a board of directorsWith an increase in scandals involving corporate boards and charities, the roles and responsibilities of boards and directors are coming under more public scrutiny.
To serve on a board, you should understand how a board works and your responsibilities, which can be accomplished by taking a Diploma in Corporate Governance.
Ultimately, the board of directors is responsible for the organisation’s overall governance, management, strategic direction, and accountability.
Across all global markets, the demand for effective, accountable board members is surging. In recent years, investors have become increasingly demanding of company boards, and we expect this trend to continue.
Increasingly, directors are reviewed for their industry knowledge, understanding of challenging issues like ESG, and their experience in transforming companies.
There will also be more pressure on organisations to disclose their board competency priorities, succession plans, and the diversity of their director candidates.
The message is clear – investors and other stakeholders want effective boards filled with people who have industry-specific talents and boardroom skills.
How to become an effective board memberAn effective board member needs to understand how effective boards function.
Through the Corporate Governance Institute’s Diploma in Corporate Governance, you gain access to the latest thinking and methodologies used by the most admired boards in the world.
Watch the short video below to see David W Duffy, founder of the Corporate Governance Institute, explain what makes a great director.
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