GUIDING THE BOAT

The ancient Greeks defined governance in the form of a person, the kybernitis—the helmsman of the boat who guides the vessel through stormy waters.

That definition is valuable today. The ancient helmsman adopted particular protocols to help the boat survive the storm, much as today's governance guides the firm through market and performance challenges. What is also important is the leadership style and mind-set of the top man or woman. Just as the Greek helmsman called upon his skill and experience to survive the storm, the integration of leadership with governance makes for outstanding performance.

Yet who is today's kybernitis? In the United States, the helmsman is still the president-CEO-chairman. That is not the case in Australia ...

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