Corporate Governance and Steering the Organization: Bob Garratt

The article analyzes the concept of corporate governance (corpora te governance) from Bob Garratt's perspective, defining it not as a set of procedures, but as the art of steering an organization. The author emphasizes the fundamental difference between operational management, focused on task efficiency, and corporate governance, which is responsible for the direction and survival of the institution. The board is presented as the 'brain and conscience' of the company – the body responsible for analyzing feedback loops and providing ethical oversight of the interests of shareholders, employees, and the environment. The text warns against the trap of formal compliance, which without real judgment and directorial professionalism becomes merely a bureaucratic facade, failing to protect the organization from systemic risk.