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B Corps Governance

February 18, 2019 By Sergio Guzman Leave a Comment

Do B Companies’ boards of directors have their own characteristics?

By definition, B Corps have a three-dimensional DNA, being concerned not only with economic results, but also with social and environmental matters. Traditional boards of directors assume a fiduciary duty that is related with loyalty and care: loyalty, by treating every shareholder in equal conditions; and care, by safeguarding their economic interests. Therefore, the success of a traditional company is measured by the economic value provided its shareholders or owners.
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Filed Under: Culture, Structure & Organization, Sustainability

The Dark Side of Commitment

February 8, 2019 By Sergio Guzman Leave a Comment

The fish rots from the head, Chinese expression that stands out that the Board of Directors, as head of the organization is key to have a culture that promotes compromise among people working their; on the contrary, the company will not stand for long. Commitment is the result of a tacit or formal agreement among people agreeing on a given delivery in a specific timing and form. Commitment is what he or she (or they) asks for or offers and he or she (or they) accepts to receive what is committed in the right time frame and form and that appraisal judgments will be made reciprocally in relation with what is committed by both parties. The commitment involves both parties, since who asks for or who receives the offer must state his or her judgments in time as well, and reward the fulfilling or compensate for and repair should he had not kept in force the validity of the request. As a result of these judgments there may be compensations and the trust capital for future commitments of the company will improve or decrease. For this process to occur, the commitment of the interlocutors required:
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Filed Under: Contracts, Risk and Compliancy, Culture, Governance in large projects, Impact of digitalization, Integrity, News, Structure & Organization, Sustainability Tagged With: chili, commitment, negotiation

Boards and People Process

January 28, 2019 By Sergio Guzman Leave a Comment

Many of the failures that have surprised markets concerning boards of directors being considered professionally solid and well reputed, may be explained, I believe, by the superlative dimension given to the materials and information processes, neglecting the primary gear by excellence: the process of people.
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Filed Under: Culture, Integrity, Structure & Organization Tagged With: board functioning, coordination, people and boards, people dynamic, People process, processes

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