Governance Bites #146: Conflicts of interest, and how to handle them, with Steven Bowman

Send us Fan Mail (https://www.buzzsprout.com/2343554/fa...) Are conflicts of interest a negative? Governance expert Steven Bowman, who has worked with boards for over 40 years, argues they are necessary — if you never have them, you likely have the wrong board. In this insightful conversation, interviewer Mark Banicevich explores how boards must shift from requiring a declaration of conflict of interest to a declaration of interest, allowing the board to collectively determine if a conflict exists. Steven outlines the three primary strategies boards use to manage real, potential, or perceived conflicts, and warns of the personal liability risks directors face if interests are not appropriately managed. Tune in for mature governance practices!  Steven Bowman is founder of Conscious Governance, a global, independent advisory service specialising in strategic planning, board governance, leadership, and risk management consulting for Boards, CEOs, and directors. The firm provides resources and guidance to organisations across virtually all sectors, including health, education, government, faith, disability, and housing. The governance model promoted by Conscious Governance is defined as running an organisation with conscious awareness. This approach moves beyond 19th-century systems focused on policy and conformance, prioritising conscious leadership to steer the organisation toward a defined vision and align day-to-day management with organisational strategies. Conscious Board leadership is vital for improving both financial and social results. Core services include Board governance evaluations, risk management strategies, and leadership development, such as CEO performance management. Conscious Governance has reported completing over 500 successful strategic plan facilitations and serving more than 4200 clients. #Governance, #ConflictsofInterest, #BoardofDirectors, #CorporateGovernance, #DirectorLiability, #RegisterofInterests, #Boardroom, #BestPractice, #ConsciousGovernance, #GovernanceBites