“ If you want your culture to change, then look at your staff, where they come from, where do your customers come from? Collect some data to try and figure out what skills you need to look after your staff and your customers.”


DAVID W DUFFY, CO FOUNDER & CEO OF THE CORPORATE GOVERNANCE INSTITUTE


company has a board of independent directors with a strict code of conduct in place,” he says.


WHAT ARE THE EMERGING TRENDS IN GLOBAL CORPORATE GOVERNANCE? While regulations do differ around the world, there are a number of trends which board members and executives need to be aware of and plan for:


Decoupling: some countries are reconsidering their business relationships with others, for example there have been ongoing trade tensions between the US and China. Countries that trade widely with other states may need to think carefully about their supply chain security, as well as the potential impact of tariffs, taxes and price increases for services and raw materials.


Investor activism: Aviva Investors has warned that it wants to see positive developments in ESG in the companies in which it invests. It manages £262 billion in assets including savings and pensions and is a big shareholder in many leading companies. “There have been many recent examples of poor


governance in UK companies”, David W Duffy says, “with Carillion, Patisserie Valerie and Kids Company among those which have hit the headlines. We don’t want to see the consequence of poor governance for the staff, which could put them out of jobs.” While this type of activism affects companies which


are listed on the stock exchange, it also has implications for smaller private companies. Customers, employees, suppliers and stakeholders are increasingly aware of the importance of ESG and want to work for or deal with a company that can demonstrate its commitment to change.


SHARING KNOWLEDGE WITHIN OUR COMMUNITY It is time to join the dots on ESG and maximise the potential for a win-win for employers, staff and stakeholders. Our global community is already ahead in many areas of diversity, equity and inclusion with an understanding of cultural awareness and the complexities of compliance and working across borders. There are plenty of new initiatives emerging across global mobility and the education sector to share on the urgent environment and green agenda.


Don’t miss our series of webinars and podcasts to guide you through the complexities of ESG and learn from the experiences of your peers and knowledge of experts.


Join our Member Community at Think Global People to inspire, connect and support your people and organisation to flourish.


thinkglobalpeople.com/join-community/


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