What’s the Point of Corporate Governance If Boards Don’t Know Their Purpose?
In this article, Tim Leech expands on a recent post he shared in the LinkedIn discussion group Objective Centric Risk & Uncertainty Management to explore a fundamental, and often overlooked, question in modern governance: Do boards actually agree on their purpose? Drawing on decades of research and a collaborative analysis with ChatGPT, Leech argues that the staggering cost of governance failures may stem from one core issue, there is no consensus on the very purpose of corporate governance itself.