Beyond Compliance- A Matter of Choice in Board Leadership (Continued)
By Johnson Manyakara Strictly Compliance Route Spare a thought for company corpses that have littered the business landscape in Zimbabwe and globally because their boards elected the Strictly Compliance Route, with little attention to the road ahead, almost to the point of obsession. Typically, organisations that traverse this route adopt a traditional board agenda, informed by Exhibit 1 below. Exhibit 1 [Adapted from “Building a forward –looking board, “ McKinsey Quarterly, February 2014] “There are times when CEOs are the last ones to see changes coming,” commented the Chairman of a leading energy company quoted in “Building a forward – looking board”, McKinsey Quarterly, February 2014. Boards and Directors shoulder the key role in providing the leadership for bringing the much – needed balance that ensures necessary changes in the business operating environment affecting the enterprise are detected early enough with the necessary changes in strategy effected in time. Compliance