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Does ever greater attention to governance protocol and legislation have any positive effect? No - is the conclusion of Global Boards, a unique collection of well-researched, international contributions from world-renowned authors. Governance practice and board functioning is as varied as the span of cultures and values spanning the world. Study of boards in the UK, Belgium, Australia, China, Russia, Turkey, Serbia and Kazakhstan point to the substantive influence of local context. Thus, in order to realize global reach, being well-networked in both business and the political communities is vital. Additionally being sensitive to local needs ensures the sustainable implementation of the corporation's vision. Global Boards emphasises that today's global directors must exercise shareholder discipline together with sensitive stakeholder influence. This book warns against the desire for one governance reality and, in contrast, provides guidance on how a diversity of strategic, policy and personal skills ensures for effective director performance, better guaranteeing continued wealth creation.
