Understanding Corporate Governance: The Role and Responsibilities of Boards of Directors
Dig Deep
How Boards Prevent Governance Failures
Rob asks about governance lapses; Elaine stresses independent, questioning directors, robust information and the chair's role in oversight.
In today’s episode, we're delighted to be joined by Elaine Dorward-King, an accomplished mining executive and board director with over three decades of international experience in the resources sector. Elaine currently serves as a non-executive director for Sibanye-Stillwater, Kenmare Resources, and NovaGold, and has previously held senior leadership roles at Newmont and Rio Tinto.
In our conversation, we’ll explore Elaine’s journey from operational leadership to board service, unpack what Boards of Directors actually do, and discuss what makes for effective corporate governance. We’ll also touch on the evolving landscape of ESG and diversity in boardrooms, and the continued relevance of social license to operate, a topic Elaine will be moderating a panel on at the upcoming Resourcing Tomorrow Conference in London this December - the premier gathering for the world’s mining leaders taking place at the Business Design Centre from 2-4 December. What sets this event apart is its unmatched audience: C-level executives from the biggest mining companies worldwide, over 40 government ministers, leading mining technology providers, and more.
Dig Deep The Mining Podcast is proud to partner with Resourcing Tomorrow so to register, go to https://hubs.ly/Q03JvH2K0 and use DIGDEEP10 for 10% off your pass.
KEY TAKEAWAYS
- When recruiting new directors, boards assess the skills and expertise needed, aiming for a diverse range of backgrounds and independent perspectives.
- This process often involves using search firms to identify a broad spectrum of candidates.
- Companies benefit from having a workforce that reflects a wide range of perspectives, which can lead to better performance and results.
- Directors must be willing to speak up and hold management accountable to minimise risks and protect shareholder interests.
BEST MOMENTS
"The primary role of boards is to think long-term and to help the management team think that way."
"A diverse and inclusive workplace is one where people are more productive and want to contribute their very best."
"If everyone is a golfing buddy of the CEO, they may be less willing to challenge."
"You need to know why you want to be on a board. Not everybody is suited for it or wants to do it."
VALUABLE RESOURCES
Mail: rob@mining-international.org
LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/
X: https://twitter.com/MiningRobTyson YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast
Web: http://www.mining-international.org
GUEST SOCIALS
https://www.linkedin.com/in/elaine-dorward-king/
CONTACT METHOD
rob@mining-international.org
https://www.linkedin.com/in/rob-tyson-3a26a68/
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/
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