Video:

Corporate governance issues – Managing expectations

Author: Rob Wirszycz, James Kirk (yBC.tv)

Categories: Board Management, Governance
Tags: board of directors, chairman, Companies House, decison making, directors, Germany, Mittelstand, reporting, UK, works council
Corporate governance issues include the relationship between management and staff. In this TV show Rob Wirszycz discusses managing expectations between directors & employees.

Corporate governance issues - Directors vs employees

I think there’s something to be said  for the European Works Council idea, even the Mittelstand in Germany has a Works Council, you know, which is almost like this sort of body that sits below, or even above some, in some cases a Board of Directors.  I think there’s a real case for that.  The UK’s doing okay.  It’s quite public, you know, the data you have to disclose on Companies House and all that kind of stuff and, as I say, with public social media and other stuff, there’s much more disclosure now than there ever was.  So I it’s not a bad place to do business but I think I think there’s still a an us and them between Directors and, if you like, staff, and I think, you know, we should, Directors should explain their role in the business a lot better. I try and for example, tomorrow one of my businesses has got to kick off and what I’m going to be doing is explaining what I do as Chairman.  You know, it will be about two minutes, but I’m just going to explain what I do and how they can use me, or abuse me, I suppose, but I mean  it’s quite important that I make sure that it’s very clear, the role that I’ve got and my expectations of everybody else as well.

Inside Finance TV will continue to follow ideas around corporate governance issues. Follow @InsideFinanceTV for more discussion. Watch the full briefing From the top – Ensuring board effectiveness as a director

 
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