From www.aicd.com.au: Directors can enhance organizational performance by adopting an adaptive stewardship approach that balances fiduciary duties with broader stakeholder interests, as revealed in research from the Adelaide Business School.
The study highlights that effective stewardship emerges from personal experience and values rather than solely from formal training, emphasizing continuous improvement and social impact.
Directors must navigate complex governance landscapes by integrating ethical decision-making and accountability into their practices while being responsive to changing circumstances and stakeholder needs.