Great Boards are about Great Decisions. From Corporate Governance by R. Monks and N. Minow.
In todays age, sitting at the helm of control of a company as a board director has become a role that faces many duties, responsibilities and challenges. Directorship is not about the laws, rules, regulations or codes of practice. Directors provide the link between the people who provide the capital and those who create the value.
SBS was the knowledge hub for various board directors as they met in an exclusive executive program dubbed The Effective Director. The program which focuses on the work of a director, their roles, the environment, the dynamics and the human element was led by renowned management consultant and author, Sunny Bindra. He stressed that directors have the mandate to demonstrate undivided loyalty and must exercise diligence in making decisions.
They must be entrepreneurial and drive the business forward, must know the company and answer for its actions, must be sensitive to short-term profitability and must be focused on the bottom line for shareholders.
The 3-day program was an opportunity to receive powerful ideas on the work of a director and a chance to learn from both seasoned faculty and other directors. Dr. George Njenga urged the directors to be ethical, transparent and accountable for the common good of the company and society. Dr. Jim McFie gave the participants crucial financial takeaways which summarily challenged the directors to spend time reading and thinking about the financials.
The directors had an opportunity to learn from the experiences of Stella Kilonzo – CEO, Capital Markets Authority and Carol Musyoka Director, TransCentury Limited and Dr. Martin Odour-Otieno CEO, KCB during the guest speaker session. The program wrapped up with the graduation ceremony.
The Effective Director Executive Program will also run in Kigali Rwanda from the 16th 18th July 2012 and Kampala Uganda from the 19th 21st July 2012. For more information on TED Kampala, contact email@example.com. Enquiries for TED Kigali, contact Lnkairu@strathmore.edu.
TED Program should be a priority for any board seeking to evolve from performance of statutory duties of a fully engaged high performing board focused on the shareholders protection.
Beatrice Kituyi Permanent Secretary, Ministry of Labour and Trustee National Social Security Fund.
About The Effective Director
The Effective Director (TED) is an exclusive program from Strathmore Business School, aimed squarely at current and future directors. The board of directors is a critical instrument of governance, and plays a key role in economic development in both the private and public sectors. TED is a path-breaking program that covers the work of the board and the contribution of individual directors.
For more information, Click here.