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Governance Intel: July 2012

Busara Governance Intel Newsletter


In this issue of Governance Intel, we explore Innovation in Governance – and how the fervour of innovation at organisational level, in products and services has not had the concomitant attention to innovations in governance rules and regulations, which in turn can have catastrophic implications. We assert that the next challenge in governance that needs attention and innovation is a global governance framework. We are not alone. Multi-billionaire financier, George Soros' calls for global governance reform are gaining momentum. The global financial crisis is proof that there is a governance gap as a result of shortcomings in national policies and regulations in the face of global finance, multinationals and global entrepreneurship spurred by advances in information and communication technologies and due to globalisation.

We also share with you some ideas of how eighteen years into our democracy, our government can begin to do things differently in order to encourage positive headlines that dissociate it from the word corruption. These ideas were inspired by the former Police Commissioner, Bheki Cele’s unfortunate disclosure during the hearings on allegations of corruption that gripped our headlines for months. Innovation in Government would definitely be welcomed! We hope that you will find this newsletter enlightening food for thought and action, and that you will share it with others who may also find it interesting.

Innovation in Governance

Corporate governance refers to formal and informal structures and processes that exist for oversight roles and responsibilities in organisations and institutions. Until the 1990s, the term ‘corporate governance’ was rarely uttered outside of law school texts and the academic world. Since the 1990s, there have been reforms in governance, but these have not been generally referred to as innovations, which is what they are. The general public hardly questioned the rules and behaviour governing organisations and institutions. The corporate scandals of the 1990s changed this complacency and corporate governance issues have come under increased scrutiny. The central challenge in corporate governance is how to make leaders accountable to their stakeholders while still having the freedom, incentives and control over resources to achieve the goals. Good corporate governance practices encourage institutions to create value whilst ensuring accountability using control systems commensurate with the risks involved.

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Innovation in Governance - Board level oversight of innovation practice

Innovation Governance provides the leadership and scrutiny instruments that encourage the right behaviours, structures and processes to become embedded across an organisation. It is not directly about how innovation is managed by practitioners (which is domain-specific and already supported by a sizable amount of literature in innovation management), but about how a Board of Directors, CEOs, and senior leaders promote and review innovation practice on behalf of their stakeholders.

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Our blog

African Women in Leadership

The Telephone ConversationMonday, 8th of March was International Women’s Day. This year’s theme was “Women in leadership: Achieving an equal future in a Covid-19 world”. I anticipated that most discussions, as every year, would lament under-representation of #women in leadership. The business sector has continued not to fare well since the inception of democracy with the public sector (government and civic society organisations) doing better in gender equity and granting access to women into senior #leadership and management positions... Read More

The Telephone Conversation

The Telephone ConversationHumanity can use reflective times such as the Covid-19 pandemic to become better. Or miss the opportunity to reset. To dust we return. Our physical appearance is the test of our humanity. How we treat each other in the shells of race and gender is the lesson for our Souls. One of my most favourite poems! Read More

Cheating is about how you feel about yourself

Reflecting on what being inspirational means.Reflecting on what being inspirational means. What counts in life is not the mere fact that we have lived. It is what difference we have made to the lives of others that will determine the significance of the life we lead.Nelson Mandela How do you know when you inspire someone? If no one ever gives you the feedback (or it never reaches your ears) does that...Read More

Reflecting on what being inspirational means.

Reflecting on what being inspirational means.Reflecting on what being inspirational means. What counts in life is not the mere fact that we have lived. It is what difference we have made to the lives of others that will determine the significance of the life we lead.Nelson Mandela How do you know when you inspire someone? If no one ever gives you the feedback (or it never reaches your ears) does that...Read More

Busara Leadership Partners - changing the image and experience of consulting

Busara Leadership Partners  - changing the image and experience of consultingBusara Leadership Partners - changing the image and experience of consulting I reached back into the archives for an article I wrote in October 2016. What has really changed since then, despite the Covid-19 epidemic? Well maybe that we use Zoom rather than Skype these days 😃😀😃 #Throwback2016: My American Mentor chuckled last night when she was reading out the agenda I had sent...Read More

Steve Bantu Biko - Black (Wo) Man You Are On Your Own

Steve Bantu Biko  - Black (Wo) Man You Are On Your OwnSteve Bantu Biko - Black (Wo) Man You Are On Your Own Black Consciousness is an attitude of the mind and a way of life. Its essence is the realisation by the black (wo)man of the need to rally together and to operate as a group to rid themselves of the shackles that bind them to perpetual servitude. - Steve BikoThat is where we missed the plot. Political power...Read More

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Dudu Msomi

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Wisdom of the Month

"When the music changes, so does the dance." African Proverb