David Beatty: "Boards Should Invest More Time on Foresight"

His experience in Papua New Guinea [3:57] Sailing in the South Pacific [7:17] His first board: the OK Tedi Development Corporation [12:20] His management roles: Gardiner Capital Group and Weston Foods [17:53] The founding of the Canadian Coalition for Good Governance [19:29] Peter Drucker's "Follow the Wagon Train Strategy" [21:35] Board Games (Globe and Mail's ranking of Canada's corporate boards) [23:12] Joining the Rotman School of Management (University of Toronto) [25:34] The story of the ICD-Rotman Director Education Program [26:47] Cultural advantage of Canada for director education [32:18] Separating Chair/CEOs in Canada [33:41] Short/Long term strategies for boards. His article in the Globe and Mail [35:37] His take on dual-class share structures [40:07] His take on ESG [47:00] The job of a director: hindsight, oversight and foresight [49:30] Directors as "gifted amateurs" [54:00] His recommendation on director education [57:21] On rowing [58:29] His current state of mind: "most boards will never work" [01:00] How to find David Beatty online: [01:02] LinkedIn Personal website: chairmanofboard.com The David and Sharon Johnston Centre for Corporate Governance Innovation David R. Beatty is a Professor at the University of Toronto’s Rotman School of Management and is the Faculty Director of the David and Sharon Johnston Centre for Corporate Governance Innovation. He is also the Founder of the ICD-Rotman Directors Education Program. The 12-day course is delivered across Canada in partnership with 10 other Universities and has trained over 6,000 senior Canadians. For his work in Corporate Governance he was made a Member of the Order of Canada in 2014. In 2018, the International Corporate Governance Network (ICGN), representing 80 asset managers and pension funds from 15 nations with a total of $35 trillion of assets under management, awarded him a Lifetime Achievement Award. --- Stay connected with Boardroom Governance: Website: boardroom-governance.com Newsletter: Boardroom Governance on Substack YouTube: Boardroom Governance LinkedIn: Evan Epstein X: @evanepstein Subscribe to the Boardroom Governance newsletter for governance insights and exclusive subscriber content: evanepstein.substack.com --- Music: “Seeing The Future” by Dexter Britain, via Free Music Archive, licensed under the Creative Commons Attribution-NonCommercial-ShareAlike 3.0 United States License.