In 2025 we are likely to see a continuation of the same issues afflicting companies in 2023-24:
Boards will need to be mindful of these when setting strategy and approving ‘defining moment’ transactions.
References
https://www.diligent.com/en-au/resources/blog/corporate-governance-trends
Australian law does not impose a separate category of directors’ duties on board chairs. However, courts recognise that a chair’s additional responsibilities — including agenda-setting, information flow and board leadership — may affect how the duty of care and diligence is applied. The result is subtle but important: the duties are largely the same, but the standard expected of a chair may be more demanding.
In a governance context, diplomacy means handling sensitive issues with judgement, tact and integrity so that the right decisions can be made by the right people, using the right information, at the right time. It requires calmness, preparation, respect, independence and courage.
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