Board trustees have recently been under high surveillance in an attempt to enforce higher levels of purposefulness. Experts claim that these efforts can be seen in three different areas. The first is how governance is finally receiving its well-earned spot in the limelight. Second, there has been a rise in the prevalence of behavioral economics and lessons surrounding decision making by trustees. Third, there has been an increase in sustainable investing to promote more wealth creation overtime.
Key Takeaways:
- According to Keith Ambachtsheer, governance as a process is now receiving the attention it deserves.
- Behavioral economics provides lessons for trustee decision making that we need to recognize.
- Sustainable investing is becoming the philosophical foundation for the long-term creation of wealth.
“It should come as no surprise to trustees that boards have come under increased pressure in recent years to be more purposeful in the how they govern, specifically when it comes to mission and overall governance.”