SUNBIZ

Diversity Of Thought Will Help In Effectiveness: Smith

A company board will be more effective if there is diversity of thought around the table, says a New Zealand-based expert, Janine Smith. This means that members will not only
17 May 2015 10:15
Diversity Of Thought Will Help In Effectiveness: Smith
New Zealand-based expert, Janine Smith

A company board will be more effective if there is diversity of thought around the table, says a New Zealand-based expert, Janine Smith.

This means that members will not only bring different skills but it is also likely that they will be of different gender and possibly age, particularly if the person has technology skills.

Ms Smith, the Principal of the Boardroom Practice Limited, was one of the speakers at the Fiji Institute of Accountants Congress 2015 at the Shangri-La’s Fijian Resort on Yanuca Island.

Research carried out by Ms Smith also found that the chair was the most single influential person for board and management and ensuring they work well together.

“It is also about relationships and it is important that there is trust and respect between board members, between board and management and between the chair and the CEO. If there are poor relationships then atmosphere required for board and management to work together and be effective will be lost.

“Technology has opened the world to all and it is becoming far more competitive, so it needs the combined wisdom and external view of directors and the company expertise of management to actually make a difference,” she said.

Feedback:  rachnal@fijisun.com.fj

 




Subscribe to E-Edition
pacific island top up
Air Nuigini
Subscribe-to-Newspaper
Fiji Sun Instagram
Fiji Plus
Subscribe-to-Newspaper
error: