1、Leading for Tomorrow:Board Effectiveness and Sustainability in Emerging Markets 2 CORPORATE GOVERNANCE AND SUSTAINABILITY IN EMERGING MARKETSIntroduction Corporate boards across the globe are wrestling with an increasingly complex array of critical issues.In recent years,sustainability has taken cen

2、ter stage.But pressing new mattersnotably the rapid rise of generative AI(Ge-nAI)and intensifying trade and geopolitical disruptionshave also become prominent on the agenda.For boards in emerging markets,however,these challenges are compounded by their companies unique circumstanc-es:still-evolving

3、governance practices,a higher share of ownership with a controlling interest(which comes with its own set of challenges and opportunities),and the realities of their operating environment,including a more nascent regulatory landscape.How can boards in emerging markets more effectively navigate these

4、 challenges?This was a core question we probed for the latest edition of our report,part of a series produced jointly with Heidrick&Struggles and INSEAD,on how boards are responding to todays complex trends and disruptions.In addition to a global survey,this years study included multiple roundtables

5、 for board members and executives held throughout the world.Here,we present key findings and insights on emerging markets boards,highlighting the differences in attitudes and practices between them and boards throughout the rest of the world.We explore the unique characteristics and challenges of co

6、rporate governance in these regions and examine how the state of governance influences boards ability to navigate complexity.Building on these insights,we conclude with a set of detailed questions that will help boards and management assess their current capability level and cultivate the best pract