Category: Corporate Governance

Dysfunctional boards: Symptoms and effects

Every corporate board has a degree of dysfunctionality. However, the extent to which dysfunctional boards impact performance depends on the steps it takes to mitigate associated symptoms. The adoption of effective governance frameworks and the implementation of a robust, team-based culture are examples of such steps generally considered characteristic of useful boards, even ‘great’ ones[1]. The symptoms A dysfunctional board...

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10 practical tips for establishing effective advisory boards

In an increasingly complex and continuously evolving global business environment, the concept of what constitutes ‘good’ corporate governance and effective management has become a difficult and, at times, a tricky proposition for many business managers and governing boards of directors. One of the ways that business owners and company boards of all shapes and sizes have adapted to this issue...

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Mentally healthy workplaces – 3 good reasons

A ‘mentally healthy workplace’[1] is one in which “risk factors are acknowledged and appropriate action taken to minimise their potential negative impact on an individual’s mental health whilst at the same time protective or resilience factors are fostered and maximised.[2]” Apart from the increasing impact of workplace mental health on workers, workplace health and compensation authorities and social welfare systems globally,...

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Definition of ‘mentally healthy workplaces’

Definition of ‘mentally healthy workplaces’. Recognition and management of workplace mental health is a relatively new concept in many countries around the world, including Australia. Given that about 971 million people live with a mental health disorder[1] equating to slightly less than one in eight people globally (12.9%),[2] this is surprising. In Australia, the figure is closer to 18% of...

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