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<body class="body" align="center" style="width: 100%; min-width: 100%; -webkit-text-size-adjust: 100%; -ms-text-size-adjust: 100%; background-color: #BFBFBF; margin: 0px; padding: 0px;" bgcolor="#BFBFBF">
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<div style="text-align: center;" align="center"><span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal;">In conversation with</span></div>
<div style="text-align: center;" align="center"><span style="font-size: 20px; font-family: Calibri, Helvetica, Arial, sans-serif;">Elisa Mallis</span></div>
<div style="text-align: center;" align="center"><span style="font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal;">Building Better Boards in Asia</span></div>
<div style="text-align: center;" align="center"><br></div>
<div style="text-align: center;" align="center">
<span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal;">Click </span><a href="http://www.insideasiapodcast.com/food-inc/" target="_blank" style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(207, 143, 18); font-weight: normal; font-style: normal; text-decoration: underline;">here</a><span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal;"> to listen to the full </span><span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Inside Asia</span><span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal;"> episode</span>
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<span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Are Asia’s Corporate Boards due for an upgrade? According to research published late last year by the </span><a href="https://www.ccl.org/" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">Center for Creative Leadership</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">, they are indeed.      </span>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">While CEOs and their operating teams focus on day-to-day challenges associated with running the company, targeting earnings and managing costs, Board members are being called upon to step up, assume greater responsibility, help set the organizational agenda, and fill its ranks with domain experts and technical specialists.</span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Some firms are embracing the call and implementing changes. The vast majority are not. </span></div>
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<span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">In a recent conversation with one high-profile Board member who asked not to be named, I was told that in Boardrooms everywhere, there’s a feeling of privilege and an aversion to outside scrutiny. Unfortunately for them, the days of hiding behind closed doors might be coming to an end. Social media influencers, shareholder activists, and government watchdogs are all asking for the same thing: </span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold; font-style: italic;">Greater transparency and accountability.</span>
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<span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">The list of concerns runs long, and in our </span><a href="http://www.insideasiapodcast.com/" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">most recent </a><a href="http://www.insideasiapodcast.com/" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic; font-weight: normal; text-decoration: underline;">Inside Asia</a><a href="http://www.insideasiapodcast.com/" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;"> episode</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">, I discuss challenges faced by Asian Boards with </span><a href="https://www.linkedin.com/in/elisa-m-mallis-7a0217/" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">Elisa Mallis</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">. She and her colleagues have recently completed a year-long study covering six key markets spanning South and Southeast Asia. </span>
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<span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">The report, entitled </span><a href="https://www.ccl.org/landing/bold-3-0-future-fluent-board-leadership-asia/" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">“Future Fluent Board Leadership in Asia”</a><a href="https://www.ccl.org/landing/bold-3-0-future-fluent-board-leadership-asia/" target="_blank" style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;"> </a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;"> or BOLD 3.0 for short, surveying 350 Board members and conducted an additional 109 in-depth interviews to reveal that Asia’s Boards – by their own admission – are way behind where they need to be in order to lead their organizations through complex times.</span>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">The Asia Corporate Board Conundrum</span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">What we know is this: Boards are no different from any other traditional institution. They draw comfort from doing certain things well and resist the idea of introducing new rules or responsibilities that challenge – or god forbid - confound - the status quo. Nobody wants to be the first to change and then discover the dangers of doing so. That’s a reasonable way to think in a vacuum, but when change is swirling all around, doing nothing is an invitation to disaster.</span></div>
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<span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Even so, CCL’s findings suggest that time is a wasting. Perhaps most interesting is that fact that Boards in the region </span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">know</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;"> this to be true. And </span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">still</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">, they resist. Why they aren’t making the shift is the big question, and particularly at a time when the world (and corporations) are confronted with a bevy of potentially world-changing events.</span>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Environmental sustainability, the gender gap, income disparities, brewing pandemics, AI and the future of jobs, cyber-security, terrorism, trade wars, migrant labor, nationalism, and the prospect of a zero marginal cost society. The list goes on. These are the kind of macro-level issues that keep Board members up at night.</span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Time for a Corporate Board Upgrade?</span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Take a look at your average Board composition today, however, and you’ll find that most are ill equipped to address any or all of these new world challenges. No doubt Boards are stacked with successful business leaders, cautious lawyers and detail-oriented accountants, who pride themselves on checking the boxes and remaining compliant. </span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">But I ask: Is it enough? I don’t think so. In CCL’s survey of Asian Board leaders, results show that Board representation does not reflect the competencies required to address the biggest concerns of the day. Survey respondents openly confessed deficiencies in five key areas: developing talent, guiding innovation, leading change, learning agility, and the ability to anticipate. </span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">No one is expecting immediate change. But taking the first step is critical. CCL sees four stages on the road to greater Board effectiveness. </span></div>
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<li style="font-size: 16px; color: rgb(0, 0, 0);"><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">First, evaluate the current level of governance maturity. </span></li>
<li style="font-size: 16px; color: rgb(0, 0, 0);"><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Second, reflect on leader intent and capability. </span></li>
<li style="font-size: 16px; color: rgb(0, 0, 0);"><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Third, assemble a compelling team and establish a clear mandate. </span></li>
<li style="font-size: 16px; color: rgb(0, 0, 0);"><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">And fourth, curate a Board culture based on trust and commitment. </span></li>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">The bad news is that Boards – in Asia at least – are way behind and overdue for an overhaul. The good news is that Asia corporations, whether family-owned or publicly-listed, are renown for moving fast and exacting change when pushed by regulations or pulled by profits. </span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">I say, let the tug of war begin. If Asia’s corporations can’t see their way to future proofing their business by asking more of their Boards, than perhaps it’s up to governments to insist on change.</span></div>
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<div><span style="font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(0, 0, 0); font-size: 16px;">Boards are the key. They’ll either serve as the catalyst for change, or fade into relative obscurity, allowing events to dictate while vision goes wanting.</span></div>
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<span style="font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(0, 0, 0); font-size: 16px;">In the meantime, read the CCL report. It’s available for download and free of charge on the “BOLD 3.0” landing page. Click </span><a href="https://www.ccl.org/landing/bold-3-0-future-fluent-board-leadership-asia/" target="_blank" style="font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(54, 97, 189); font-size: 16px; font-weight: normal; font-style: normal; text-decoration: underline;">here</a><span style="font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(0, 0, 0); font-size: 16px;"> to access. </span>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: bold;">Parag Khanna</span></div>
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<span style="font-size: 12px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">|</span><a href="http://www.insideasiapodcast.com/richard-vevers-chasing-coral/" target="_blank" style="font-size: 12px; color: rgb(54, 54, 54); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;"> </a><span style="font-size: 12px; font-family: Calibri, Helvetica, Arial, sans-serif;">February 15, 2019</span><span style="font-size: 12px; font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(102, 102, 102);"> | </span>
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<span style="font-size: 14px; color: rgb(102, 102, 102);">There are periods of time when the stars align for every part of the world, and Asia has those stars aligning today, says Dr. Parag Khanna, founder and managing partner of FutureMap. Khanna is a recognized commentator on Asian geopolitics. He’s the author of a new book, </span><span style="font-size: 14px; color: rgb(102, 102, 102); font-style: italic;">The Future Is Asian,</span><span style="font-size: 14px; color: rgb(102, 102, 102);"> in which he tries to correct what he sees as an excessive focus on the rise of China in world affairs. The countries of Southeast Asia, he argues, are left in China’s shadow, and that he says, is a failed assessment of the region’s potential.</span>
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<div><span style="font-size: 12px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">| October 24, 2017 |</span></div>
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<div><span style="font-size: 14px; color: rgb(102, 102, 102);">We live in transformative times. China is coming into its own in an unprecedented way. In this episode our focus is on corporate leadership and China’s overseas ambitions. Elisa Mallis is an executive coach and leadership development expert. She’s been working for years with Chinese executives, guiding them in the development of a global mindset. She’s also an aspiring astronaut. I asked her what the Chinese corporate leadership had to do if they planned to win the hearts and minds of those with a global mindset.</span></div>
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<div class="text-container galileo-ap-content-editor"><div><div>If podcasting isn't your thing, or you're just too busy to take 30 minutes to listen, check out my articles <a href="https://www.linkedin.com/in/steve-stine-6124084/detail/recent-activity/posts/" target="_blank" data-segment-action="add" data-segment-id="7527c640-69b8-11e8-ad61-d4ae529a8575" style="color: #597274; font-weight: normal; font-style: normal; text-decoration: underline;">here</a> on Linked-in where I set out to summarize each week’s conversation. We touch on a wide range of topics from healthcare to finance, politics to cleantech. I hope you’ll join us.</div></div></div>
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<span class="article-heading-text" style="font-size: 18px; font-weight: bold; color: #000000;">Steve Stine | LinkedIn</span><br>
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</table><div align="center" style="background-color: #F3F3F3;"><table width="100%" cellpadding="0" cellspacing="0" border="0" style="background-color: #f3f3f3"><tr><td align="center" valign="top" style="padding: 0px 0px 0px 0px;"><div align="center" style="max-width: 600px; margin-left: auto; margin-right: auto;"><table cellpadding="0" cellspacing="0" border="0" style="width: 600px; width: auto !important; margin-left: auto; margin-right: auto;"><tr><td align="left" valign="top" style="color: #5b5b5b; font-size: 11px; line-height: 1.3; font-family: Arial, Helvetica, sans-serif; padding: 20px 20px 20px 20px;"><div style="color: #FF0000; font-size: 11px; line-height: 1.3; font-family: Arial, Helvetica, sans-serif;"><span style="font-size: 13px; font-weight: bold;">THIS IS A TEST EMAIL ONLY.</span><br />This email was sent by the author for the sole purpose of testing a draft message. If you believe you have received the message in error, please contact the author by replying to this message. Constant Contact takes reports of abuse very seriously. If you wish to report abuse, please forward this message to <a href="mailto:abuse@constantcontact.com">abuse@constantcontact.com</a>.<br /></div></td></tr></table></div></td></tr></table></div></body>
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