Check-Box Governance

At a recent board meeting, the humdrum call to order was followed by a presentation by an officer of the corporation described as the VP, Mission, Spirituality & Ethics. The VP, M, S & E started the meeting with an examination of the corporate mission and values. Great stuff that 'grounded' the room. Given that meetings are held six times a year, it's a handy process.

The presentation became more interesting when the officer referenced the 'Corporate Calling' and closed with 'Our Legacy'. It was the first time a board meeting left me feeling ennobled.

The VP closed quoting Margaret Mead
"Never doubt that a small group of committed people can change the world. Indeed, it's the only thing that ever has."

Maybe it's a case of right message/right time but it was an awesome meeting.

So it is no wonder this item,Corporate Governance by the Numbers: It Doesn't Work, from the Knowledge @ Wharton newsletter caught my attention. The item phrases the concern about structural guide lines and governance metrics. If you have the link for a copy of the paper, "Does Corporate Governance Really Matter?" ...