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Dr. Hubert Rampersad
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WHY HIGHER EDUCATION AND CORPORATE GOVERNANCE SUCK

The main underlying reason for most corporate governance failures is the fact that the current higher education system sucks. Successful corporate governance implementation requires a multidisciplinary, authentic and holistic approach. Many top Law Schools and Business Schools (Harvard, Stanford, Yale , MIT Sloan, Berkeley-Haas, IMD, London Business School,..) have a mono-disciplinary curriculum with a narrow non-holistic and non-authentic focus. In this way most of these schools destroy creativity and many of their graduates in the corporate governance world (such as lawyers, advisors and executives) miss the bigger picture and do not think holistically. Due to this they focus solely on formal and woolly corporate governance regulations, procedures and guidelines.

Remember this: creativity and innovation in the classroom come down to the professor’s creativity, self-innovation and self-knowledge.

Many law, accounting and business management professors at the mentioned top schools are to blame for most of the above mentioned corporate governance failures. They lack both emotional and spiritual intelligence. This inner process starts with self-knowledge, or knowing, which leads to wisdom. Between knowing and wisdom lies an enormous distance which can be reduced by boxsystematic application of my authentic governance system. This will help them to create balance between the left and right sides of their brain. The left half of their brain has mainly an analytical, logical and quantitative function, while the right half of their brain has an intuitive and holistic function. They do not have a proper balance between the left and right sides of their brain. These professors and most of their graduates use the left side of their brain only; because of this, they miss opportunities that allow them to become more adept at using the right hemisphere of the brain and to deal with complex corporate governance problems in an integrated and authentic way. This is also the main reason why Harvard Business School professor Kaplan’s Balanced Scorecard implementations fail and lack sustainability.

Why don’t you do your own due diligence by analyzing the articles being published frequently in Harvard Business Review, Harvard Law Review, MIT Sloan Management Review, California Management Review, Yale Business Review, McKinsey Quarterly, … and you will find out that almost 80% of the management and leadership theories and concepts being published in these top journals are not authentic, not holistic, woolly, and therefore cosmetic and not sustainable.

Left brain professors need to be encouraged to start acting intuitively thus making more effective use of their right side of their brain in order help create a better world. Therefore, my main passion is inspiring left brain professors to become innovative, helping them to strengthen their management/leadership concept, and guiding them in the publication of their book globally (view next section of this article). In this way they will be of added value to the world. By the way, research has shown that professors and executives who believe in their intuition and make decisions intuitively are usually the most successful. Check also our Exclusive Master Class Authentic Governance.

Due to the above mentioned shortcomings most companies’ approaches to corporate governance are extremely formal, bureaucratic, cosmetic, not holistic and not authentic, and therefore fail to address above mentioned shortcomings. Their implementations of corporate governance provide no protection from potentially catastrophic ethical failures. We need a sustainable and innovative solution to this global epidemic urgently.

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