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Can we please take corporate governance seriously? By Schneider Electric’s Alex Malouf

By Alex Malouf corporate communications director MEA at Schneider Electric.

Yes, I know you’re yawning. There’s really no way to make this issue sexy. But, the issue of good corporate governance matters. It’s the basis for trust and transparency. When a company or organization is above board, you feel you don’t need to question what’s going on. There’s accountability too, and questions get answered head-on. There’s no spin. And this leads me to why I’m even writing this. This month a local industry body for the public relations sector announced two new fellowships. The fellows are very good at what they do. But they’re also very much part of that organization, with one of them serving on the strategy board (which puts forwards names for fellowships, unless I’m mistaken), and the other on the executive board (which makes the decisions on the fellowships).

So, why does this matter? It’s a good question, and I was asked this by one of the two new fellows a couple of years back when I raised similar issues. After all, this is an honorific title. Well, I work in a job that is all about reputation. My job is to build and protect reputations. And I truly believe the best way to do this is by being straightforward and open. And I benefit indirectly when others do the same, as my profession becomes more trusted. That’s why associations over the world work hard on their corporate governance. To give you an example, here’s what the International Association of Business Communicators says for nominee eligibility as part of their own corporate governance.

  • Only members of IABC in good standing are eligible to be nominated to be IABC Fellows.
  • The nominee must have been a member of IABC for at least five years. (The years of membership do not have to be consecutive.)
  • Current members of the executive board, the Fellows Selection Committee, and anyone who has served as IABC Chair in the past three years are not eligible.

Interestingly, they seek out diverse nominations from their members, just like other associations do.

Now, here’s the other reason why we need to get serious about how we do things as an industry here. I hope I don’t shock anyone when I say that the Middle East isn’t generally known for its transparency or accountability. It may be a stereotype, but this is an image that we shouldn’t be reinforcing through our actions.

I remember the last time I wrote a similar piece, a couple of years back, about an association that was appointing members to its board in violation of its own charter. The response wasn’t exactly a lesson in reputation management. But I hope that this time around, there’ll be a little more thought given to corporate governance. Given that we work in an industry that’s based on ethics, it should matter to every communications professional how the industry bodies that represent us behave.