Читать книгу Corporate Governance - Quantity Versus Quality - Middle Eastern Perspective - Saleh Hussain - Страница 32

From what we have discussed we can state that CG quantitative issues are mostly requirements of law and regulation. Alone they are not enough. The worldwide corporate failures and financial disasters prove beyond doubt that they are not enough. Qualitative issues that deal with the competencies of human capital are the spirit and soul of the corporate entity.

The qualitative issues are the basis for the leadership of corporations. Unless the leadership exercises these qualities, the success of corporations can be compromised.

The board is the leadership of the company and enforces corporate governance good practices. Playing its role in the right way - in a qualitative manner - the board will lead the corporate from one success to another. The opposite is also true.

The chairman of the board is the leader of the board. His qualities enhance the good practices of governance in the corporate. The CEO is the leader of management. Playing his role as an executor and facilitator, between the board and other management, ensures that the decisions and directives of the board are carried out in the way they are meant to be.