In this episode Steven talks with Jonathan Mason CFInstD who is the chair of Vector and sits on the boards of Air New Zealand and the University of Auckland Foundation.
Jonathan talks about the importance of careful scrutiny of the financials of the organisation to keep it in a sound state and the key to protecting shareholder value. He also notes that directors must also identify, and understand the needs of, a wider group of stakeholders when making decisions.
He says that there have been arguments, historically, to just look at shareholders but, today, directors must recognise that a sustainable business strategy includes a stakeholder strategy.
Jonathan Mason is a Chartered Fellow of the Institute of Directors.
Connect with Jonathan: linkedin.com/in/jonathan-mason-40665a16/
Find out more about the Advanced Directors Course:
https://www.iod.org.nz/governance-courses/advanced-directors-course-2/
Find out more about the Institute of Directors: https://www.iod.org.nz/