 What is the difference between the dictator and the autocratic leader? So the line between positive autocracy, I know he told me to forget about the word positive I'm not gonna forget about the word positive the line between positive autocracy and dictatorship is very thin Very thin and what happens is as positive autocrats start to get successful They cross the line ever so often and without realizing it So that is where you need to continue to continue key number four comes in you really need to continuously Listen learn and reflect while still being loyal to your values. No, whoa, whoa, whoa Listen learn and reflect is what you said. Yes key number four Where in all of that is checks and balances Because if you're right, and I think you probably are much as it pains me to admit it If you are right Then the positive autocrat Will have stuffed the board of directors with their own Wonabies and yes men and women and there will be no check upon that Bridal power good point and this is where governance comes in because leadership and governance are two sides of the same coin when somebody crosses that thin line between positive autocracy because that is what drives results And that's what the board wants two words dictatorship which starts doing harm That's when the board needs to step in and this is where you know this big issue of whether the CEO should be the chairman of the board or not That's the big difference between Asia and some of the Western countries We believe not this is where the board comes in and so leadership and governance and all role of governance Is to prevent that crossing of the line How often do you see a board of directors that is nothing more than a milk toast? desire for Not it happens a lot, but it shouldn't that's the whole point. It doesn't happen because the autocrat the dictator Has managed to stuff the board and that is the huge difference between some of the governance models that we see in the Western ones we see here and also that for that matter in the UK where We separate the role of the CEO and the chairman right the county commission exactly exactly and that that should be The board cannot be a bunch of cronies that that has been the problem historically and as Asian companies family-owned businesses Are going global and are going public? They're gonna have to think this through very carefully We've jumped a couple of steps. Yes. Let's go back. Okay to autocratic leadership What why do you want to stick with this? highly pejorative word Autocracy which by its very definition We all immediately recoil from so that we can have debates like this Because it brings home the point that you need to have strong Decisive leadership when you are trying to create a better future you are as I said earlier today By definition in unto uncharted territory. You're not gonna win any popularity contest at that time You're gonna have to have a thicker skin if you believe in it and that's the idea