SAMI CONSULTING LAUNCH NEW BOOK – The Globalisation of Corporate Governance: The Challenge of Clashing Cultures
LONDON, England – 25th October 2011 – In his new book, The Globalisation of Corporate Governance: The Challenge of Clashing Cultures, author and Director of SAMI Consulting Adrian Davies outlines how the litany of corporate governance failures in OECD companies is holding the widespread adoption of minimum global corporate standards back, and will impede the international investment necessary to re-build the global economy back to its full potential.
Recently published by Gower, Davies’ new book, the third in the series, outlines how global advancement is being affected by the inconsistent and unconvincing practice taking place in OECD countries, along with significant weaknesses in corporate governance and law enforcement.
“Companies in OECD companies often speak about the lack of corporate governance regulation in emerging economies and that they are being unfairly and overly regulated, but we have seen company after company ignoring or subverting corporate government regulation,” commented Davies.
Over decades we have seen a systemic failure of corporate governance implementation by companies, shareholders and investors, and yet we expect our emerging trading partners to adopt our high standards in favour of their own cultural business practices. Following scandal after scandal regulators state they will strengthen the corporate governance rule book; they did it after BCCI, Enron, WorldCom, and Tyco, and then again after Lehman Brothers, and the European Union will do so again if and when they re-write the Eurozone rulebook once the current crisis is over.”
Davies demonstrates his vision for how companies should utilise corporate governance to build resilience and sustainable success, imperative if governance is to succeed in driving globalisation and encourage investment worldwide. He details the challenges involved in globalising corporate governance, including how to reappraise the purpose of corporate governance in a global context, the potential effects of culture clashes, and the importance of relating corporate governance to a changing and uncertain external world.
“The advance of corporate governance on the global stage will be hesitant and slow until its practice in OECD countries is more consistent and convincing,” said Davies. “The scandals of poor corporate governance are primarily down to executives who see their company as a vehicle for their personal ambitions and corporate governance as an impediment to be ‘gamed’ for their own advantage.
Yet these individuals are not unique talents who can behave like sports stars or celebrities, but are agents of the owners of the company tasked to carry out the company’s business. Lapses by major banks and key players on the world stage make the Western model of corporate governance less convincing to global investors and companies in emerging economies.
CEO’s and political leaders must to not simply see corporate governance as a tick box culture, or if they do, they cannot then complain that their business partners around the world act as if the rules are there to be manipulated and broken.” concluded Davies.
The Globalisation of Corporate Governance: The Challenge of Clashing Cultures is published by Gower and can be ordered online
SAMI Consulting is to debate the pertinent issues surrounding corporate governance and reputation during their upcoming book launch -- “Would Better Corporate Governance Have Saved the News of the World?”, taking place on 3rd November 2011, IT Livery Hall in London between 5pm – 7pm. For invitations call 01635 36971 or email email@example.com.
About the Author
Adrian Davies is both Director and Fellow of SAMI Consulting. He has extensive experience of industry and commerce, operating in both private and public sector organisations. Adrian is a graduate of Cambridge University, a Fellow of the Chartered Institute of Secretaries and holds a Harvard Business School Diploma in Marketing. He is the author of books on strategy, marketing and corporate governance including A Strategic Approach to Corporate Governance and Best Practice in Corporate Governance, both still available from Gower.
About SAMI Consulting
For over 20 years SAMI Consulting has been helping organisations make robust decisions in uncertain times. Known as the home of scenario planning, SAMI understand the barriers to managing in uncertain times. They help clients overcome those barriers and partner with them to carry through their decisions and sharpen their competitive advantage. SAMI understands political, international and regulatory risk, economic uncertainty, social and cultural change, and the opportunities of technology for its clients.
SAMI works for private, public and NGO sector clients and its world-leading reputation for ground-breaking future thinking and strategic planning is matched by the innovative organisational change tools it uses to effect the implementation of decisions. SAMI consultants are not only experienced and creative, but highly effective. Its clients include Arup, BP, City of London, Glaxo, Legal & General, Shell and The Bank of Scotland.
SAMI is owned by its staff and the University of St Andrews. More information can be found here: http://www.samiconsulting.co.uk
Media Contact: Annmarie Gabriel
Tel: 07765 255560
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