Boards should ‘preset’ instead of reset: Keppel chairman Piyush Gupta
Boards should be viewed as a ‘collective of talent’, much like a football team, he says
Keppel chairman Piyush Gupta argues that boards should return to their fundamental role as stewards of companies and long-term value, rather than being "reset" in response to changing business and regulatory environments. He emphasizes that boards need to be responsible for strategy, direction, and creating value, while not being seen as mere policemen.
Gupta, a former CEO of DBS, shared his insights during a fireside chat at the Singapore Institute of Directors' annual conference, where he advocated for an "open the kimono" culture between management and the board. This culture involves management being confident enough to highlight key issues that directors must focus on. Gupta also highlighted the importance of having the right expertise on the board, noting that domain expertise is particularly crucial in navigating complex risks and regulatory demands.
He encouraged boards to view themselves as a "collective of talent," selecting members based on the specific needs of the company rather than solely focusing on diversity.
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- Boards should ‘preset’ instead of reset: Keppel chairman Piyush Gupta businesstimes.com.sg
