More and more organizations are adopting a purpose as the reason they exist. This opens up the question of the role of the board and governance professional in the development and governance of the purpose. As this is new territory for boards, Governance Professionals of Canada (GPC) held a panel on this topic at its 2022 Annual Conference, “The Purpose Imperative: Why and How Boards are Embracing Purpose Governance to Drive Value”. This is a summary of the panel discussion describing how and why purpose leaders adopt best practices in purpose governance and execution and the benefits that result. “The Purpose Imperative: Why and How Boards are Embracing Purpose Governance to Drive Value” sheds light on how boards embrace purpose governance to drive value for their business and society and the governance professional’s role in the transition.
Highlights from “The Purpose Imperative: Why and How Boards are Embracing Purpose Governance to Drive Value”:
- Company boards are adopting or refreshing the purpose of their organization
- Boards need to update their governance models to embed purpose in their oversight function
- Governance professionals have an important role to play to foster best practices in purpose governance
Why read “The Purpose Imperative: Why and How Boards are Embracing Purpose Governance to Drive Value”:
- Learn about trends and drivers in social purpose business
- Understand the role of the board and governance professional in adopting and governing a social purpose
- Be informed of the business case for adopting a social purpose as the reason your organization exists
