I don’t think I’ve said it out loud yet, but the most important theme of season 4 of OMG is that I’m trying to convince you that experimentation is at the heart of good governance. In fact without experimentation - and by extension, creativity – I’m not convinced that good governance is possible. One of the great tragedies of the past two-plus decades of corporate governance trends is how many organizations and governance professionals basically see corporate governance as precisely equal to crafting, deploying and adhering to policies and by-laws. Don’t get me wrong, I think it’s *really* important to agree on and enshrine important stuff into binding rules. A good and common example is setting a threshold, in dollars, for transactions below which boards will just trust management’s judgment. It saves a lot of drama and time. But it’s also a good example of a rule that’s gonna need to change as an organization grows and shifts. A threshold of $5000 might eventually become $5 million as the scale and materiality of transactions grows. And if we think about cultivating effective conditions for making decisions, this is a great example of a type of rule that can be a tangible illustration of good governance. But if you’re the type of person who thinks making decisions about policies and by-laws is the same as good governance, you and I have really different concepts of what effective conditions look and feel like.
BONUS: Why do corporate governance consultants mostly suck?
BONUS: Good governance is woke - and that's good news for everyone
BONUS: Good corporate governance does not cause good corporate performance
BONUS: What corporate governance resources are *really* missing (plus, an analysis of the top 500 albums of all time)
BONUS: Good governance is basically about feelings (long story alert!)
202. Season 4 Finale
201. I’m so fancy (Condition #49: Formality)
200. None of your business (Condition #48: Side conversations)
199. Can we talk for a minute? (Condition #47: Facilitation)
198. Another brick (Condition #46: Education)
197. People, helping people (Condition #45: Consultants)
196. Stakes is high (Condition #44: Risk)
195. Talkin’ ’bout PRACTICE (Condition #43: Practice)
194. I’ve been everywhere (Condition #42: Geography)
193. Get on up (Condition #41: Physical movement)
192. No rest for the wicked (Condition #40: Taking breaks)
191. Silence is golden (Condition #39: Sound/Noise)
190. ”Did I do that?” (Condition #38: Catchphrases)
189. Too much of something is bad enough (Condition #37: Subtraction neglect)
188. I’m on the next flight to be by your side (Condition #36: People’s real lives)
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