Kinar Kent
Navn: Kinar Kent
Stilling / Styreverv: CEO, Westgass
What do you believe characterizes a well-functioning board?
A good board finds the right balance between corporate governance and value addition. It has a blend of relevant, diverse experience that provides strategic direction, manages risks, considers wider stakeholder expectations, and ensures that both near-term and long-term shareholder value is delivered.
How have you seen board work evolve over the years?
Boards have always had to adapt to changes in the business world and priorities amongst their stakeholders. Recently, rapid advances in technology, wider access to information, disruptive competition, geopolitics, ethical accountability and a greater consideration of social values have led to more agile, collaborative boards with a deeper insight of business operations.
What are you most proud of in your career?
I have been fortunate to work with fantastic teams to deliver strong commercial results throughout my career, including the commercial management of large-scale assets at Shell, negotiating multiple-billion dollar deals at Statoil, and overseeing rapid revenue growth at Westgass. However, I’m most proud of taking the courage to focus on work aligned with my values, leading to the day my nine year old son told me “It’s ok for you to be at work. What you do matters.”
What do you believe are the most important qualities a board member should possess today?
In my view, a board member should be trustworthy, inquisitive, well prepared, an active listener and willing to guide. They must be committed to the company and have a genuine interest in getting to know its business beyond management presentations, without getting bogged down in detail. They should not be afraid of asking questions, instead of making assumptions. They should value different perspectives, even if they do not agree. They help top management shine, without taking control. They communicate openly and honestly, and work well with others in an inclusive manner. Most importantly, they accept accountability for their decisions and actions.
What is the best advice you have received in your career?
Keep learning, empower others and enjoy the journey!