11th May 2006

 

BOARDS MUST IMPROVE PERFORMANCE, SAYS EXPERT

 

The boards of many companies ruin corporate prospects and lose money for shareholders, according to a business expert at the University of Lincoln.

 

Speaking this week at a conference on corporate governance in London, Professor Colin-Coulson Thomas says boards need to think and act differently if they are to improve their own performance.

 

“Despite codes of governance best practice the boards of many companies still miss opportunities, cripple corporate prospects and destroy shareholder wealth,” says Professor Coulson-Thomas.

 

“Corporate performance appears to depend primarily on what boards actually do and how their members behave rather than on formal governance considerations such as a board’s committee structure.

 

“If boards are to add more value, make a greater contribution to corporate growth and create a better tomorrow they may need to challenge conventional thinking and question current practices.”

 

Professor Coulson-Thomas is in London to deliver his message at the Seventh International Conference on Corporate Governance today (Thursday) and tomorrow.

 

The theme of the conference, which has been organised by the World Council for Corporate Governance, is the selection, training and appraisal of company directors.

 

In his address ‘Creating a winning board’ he will outline the characteristics, behaviours and approaches adopted by winning boards, the mindsets that can lead to ascent or decline and what boards need to do to provide strategic leadership.

 

Professor Coulson-Thomas is an experienced chairman of award-winning companies and Professor of Direction and Leadership at the University of Lincoln.

 

He has helped over 90 boards to improve board or corporate performance and is the author of some 40 books and reports on business and management.

 

For more information, or to arrange an interview, contact:

Jez Ashberry, Press and Media Relations Manager

01522 886042                         jashberry@lincoln.ac.uk

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