Most organizations are engaged in an ongoing quest for more transparency and accountability in an... more Most organizations are engaged in an ongoing quest for more transparency and accountability in an effort to comply with the more stringent regulations that were put in place after the financial crisis and corporate ethical debacles. However, the author suggest being more mindful of why a board imposes more transparency, and author recommend a more radical form of transparency. This kind of transparency indicates a very different type of board governance, where top management and the firm’s employees are trusted to always do the right thing, and where there is a ‘no secrecy’ context, based on trust instead of fear. If transactional leadership is about mobilizing people to achieve a purpose through control, then servant stewardship or compassionate transformative leadership means empowering people to achieve a meaningful enlightened purpose.
The Vulnerability of Corporate Reputation: Leadership for Sustainable Long-Term Value, 2015
The digitization of our world has changed the way we do business. The digitization has drasticall... more The digitization of our world has changed the way we do business. The digitization has drastically decreased the overall transaction costs between different parties, be it an opportunity for some or a threat for others. Some companies like Apple, Amazon, Airbnb have embedded this digitization into their core business model. But other more traditional companies are possibly following suit, embracing the benefit and productivity gains of information communication technology.
The Vulnerability of Corporate Reputation: Leadership for Sustainable Long-Term Value, 2015
Reputation is one of the most undervalued but nonetheless crucial organizational assets. A good c... more Reputation is one of the most undervalued but nonetheless crucial organizational assets. A good corporate reputation can lead to numerous benefits such as lower costs, competitive barriers that enable firms to charge a premium price, to obtain improved credit rating, to attract better employees and to retain more loyal customers, all translating into improved performance and increased profitability. Reputation also provides clear signals to others about intentions or activities. The notion of reputation can be a touchstone that enables leadership to change strategic direction according to sound norms and structures of governance.
... premio Nobel en 1998), al proponerse como objetivo econó- mico-social alcanzar para todos los... more ... premio Nobel en 1998), al proponerse como objetivo econó- mico-social alcanzar para todos los agentes un conjunto de capacidades que han ... En el ámbito filosófico, por ejemplo, Da-vid Wiggins y Elizabeth Anderson, sostienen que los fines y los medios interactúan.3 Para ...
part of the material is concerned, specifi cally the rights of translation, reprinting, reuse of ... more part of the material is concerned, specifi cally the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfi lms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Th e use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specifi c statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use.
It takes years for an organization to build a good reputation. Yet a crisis that diminishes the t... more It takes years for an organization to build a good reputation. Yet a crisis that diminishes the trust that has been established between that organization and its various stakeholders, can not only quickly cripple or destroy all that reputational hard work, but also deliver significant and persistent financial damage in a matter of seconds.
Does corporate governance matter when doing business in Indonesia? You bet it does, but not neces... more Does corporate governance matter when doing business in Indonesia? You bet it does, but not necessarily the way one would expect.
Challenges and Opportunities of Corporate Governance Transformation in the Digital Era, 2020
We are increasingly living in a digital world, where companies attempt to adapt to a new context ... more We are increasingly living in a digital world, where companies attempt to adapt to a new context of Industry 4.0. The authors believe that artificial intelligence and the use of logarithms will alter the game of competition. Digitization is moving our economy away from “financial capitalism” to “data capitalism,” and companies and their boards need to adopt the way they operate and steer the organization to new ecosystems where personalized service becomes part of the new digital strategy. Basically, it is not a battle of AI versus humans, but rather finding a way to enhance the collaboration of AI and humans in organizations. Despite the enormous potential benefits of AI, boards should not ignore the darker side of AI, namely the potential biasedness and sometimes unfairness of algorithms and privacy concerns and the ubiquitous cyberthreats. This is why proper data governance at the board level is needed. The authors suggest that this becomes a critical success factor to be address...
Most organizations are engaged in an ongoing quest for more transparency and accountability in an... more Most organizations are engaged in an ongoing quest for more transparency and accountability in an effort to comply with the more stringent regulations that were put in place after the financial crisis and corporate ethical debacles. However, the author suggest being more mindful of why a board imposes more transparency, and author recommend a more radical form of transparency. This kind of transparency indicates a very different type of board governance, where top management and the firm’s employees are trusted to always do the right thing, and where there is a ‘no secrecy’ context, based on trust instead of fear. If transactional leadership is about mobilizing people to achieve a purpose through control, then servant stewardship or compassionate transformative leadership means empowering people to achieve a meaningful enlightened purpose.
The Vulnerability of Corporate Reputation: Leadership for Sustainable Long-Term Value, 2015
The digitization of our world has changed the way we do business. The digitization has drasticall... more The digitization of our world has changed the way we do business. The digitization has drastically decreased the overall transaction costs between different parties, be it an opportunity for some or a threat for others. Some companies like Apple, Amazon, Airbnb have embedded this digitization into their core business model. But other more traditional companies are possibly following suit, embracing the benefit and productivity gains of information communication technology.
The Vulnerability of Corporate Reputation: Leadership for Sustainable Long-Term Value, 2015
Reputation is one of the most undervalued but nonetheless crucial organizational assets. A good c... more Reputation is one of the most undervalued but nonetheless crucial organizational assets. A good corporate reputation can lead to numerous benefits such as lower costs, competitive barriers that enable firms to charge a premium price, to obtain improved credit rating, to attract better employees and to retain more loyal customers, all translating into improved performance and increased profitability. Reputation also provides clear signals to others about intentions or activities. The notion of reputation can be a touchstone that enables leadership to change strategic direction according to sound norms and structures of governance.
... premio Nobel en 1998), al proponerse como objetivo econó- mico-social alcanzar para todos los... more ... premio Nobel en 1998), al proponerse como objetivo econó- mico-social alcanzar para todos los agentes un conjunto de capacidades que han ... En el ámbito filosófico, por ejemplo, Da-vid Wiggins y Elizabeth Anderson, sostienen que los fines y los medios interactúan.3 Para ...
part of the material is concerned, specifi cally the rights of translation, reprinting, reuse of ... more part of the material is concerned, specifi cally the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfi lms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Th e use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specifi c statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use.
It takes years for an organization to build a good reputation. Yet a crisis that diminishes the t... more It takes years for an organization to build a good reputation. Yet a crisis that diminishes the trust that has been established between that organization and its various stakeholders, can not only quickly cripple or destroy all that reputational hard work, but also deliver significant and persistent financial damage in a matter of seconds.
Does corporate governance matter when doing business in Indonesia? You bet it does, but not neces... more Does corporate governance matter when doing business in Indonesia? You bet it does, but not necessarily the way one would expect.
Challenges and Opportunities of Corporate Governance Transformation in the Digital Era, 2020
We are increasingly living in a digital world, where companies attempt to adapt to a new context ... more We are increasingly living in a digital world, where companies attempt to adapt to a new context of Industry 4.0. The authors believe that artificial intelligence and the use of logarithms will alter the game of competition. Digitization is moving our economy away from “financial capitalism” to “data capitalism,” and companies and their boards need to adopt the way they operate and steer the organization to new ecosystems where personalized service becomes part of the new digital strategy. Basically, it is not a battle of AI versus humans, but rather finding a way to enhance the collaboration of AI and humans in organizations. Despite the enormous potential benefits of AI, boards should not ignore the darker side of AI, namely the potential biasedness and sometimes unfairness of algorithms and privacy concerns and the ubiquitous cyberthreats. This is why proper data governance at the board level is needed. The authors suggest that this becomes a critical success factor to be address...
Uploads
Papers by peter verhezen