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Advisory Boards to Advisory Panels – it is more than semantics

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The growing use of so-called “advisory boards” is one of the most encouraging developments in modern corporate governance. Businesses increasingly recognise that, in a world shaped by artificial intelligence, cyber security, digital transformation, geopolitical uncertainty and rapidly evolving markets, no board of directors can reasonably possess all the skills required to govern effectively.

The expanding role of the Non-Executive Director

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In South Africa’s evolving corporate landscape, the role of the Non-Executive Director is undergoing a quiet but significant transformation. Increasingly, the expanding role of the Non-Executive Director reflects this shift. Previously, organisations primarily tasked Non-Executive Directors with oversight and compliance. Today, however, they expect Non-Executive Directors to contribute meaningfully to strategy, risk navigation and long-term value creation.

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