“The global financial crisis has heralded a new international order that has yet to be understood fully or accepted widely. The economic changes happening now are structural, not cyclical, and therefore truly transformative. These changes will affect every company in every sector across the world. There has been a chronic loss of trust in the worlds systems and institutions: company boards must be the vanguard of the effort to win back the confidence of customers and investors alike. A well-balanced board is critical to the effective strategic direction and running of any company. Good governance and leadership will help rebuild confidence in our business systems, providing a stable framework for sustainable growth. The tenth anniversary report by Heidrick & Struggles (and their sixth comprehensive survey of Europes progress in Corporate Governance) is particularly timely.”
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