The Institute of Directors (IoD) has launched a new inquiry to analyse how good corporate governance can drive innovation.
The IoD‘s inquiry aims to ‘identify good practices that, if more widely adopted, can help governance to become an active driver of sustainable value creation’.
The business group’s Centre for Corporate Governance was founded in 2020 and seeks to explore current issues in corporate governance and company stewardship to help businesses and the wider society.
Dr Roger Barker, Director of Policy and Governance at the IoD, said: ‘For some, the connection between corporate governance and innovation may not necessarily be obvious. This study seeks to test the hypothesis that good governance can actually be a key driver of an innovative organisational culture.
‘In particular, an effective board of directors can be instrumental in opening up a company to new ideas and ways of working. We hope that the business community will share their experiences and enable us to identify how governance can make a significant impact on organisational potential.’
The IoD intends to publish a report on its findings this autumn.
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