In our world of 24/7 news cycles, where organizations are directly connected to their stakeholders, what role does governance play in a company’s overall performance? And what does good governance look like?

Richard (Rick) Powers is the National Academic Director of the Governance Essentials Program and the Directors Education Program that operates at Canada’s top business schools. A recipient of numerous teaching awards, Rick’s areas of expertise include corporate governance, ethics, business and corporate law and sports marketing. He also teaches in the University of Toronto’s Rotman Executive MBA, OMNIUM, MBA and Executive Education Programs. He is a director of several not-for-profit organizations and is frequently sought out for comments on legal and governance issues in various media across Canada.

We talk about the role of boards in crisis management and Rick shares anecdotes from the past, comments on a few stories that are in our news feeds today – and gives advice to anyone thinking about becoming a board member.