Preparing for Professional Career: Importance of Leadership and Corporate Governance in Organisation

This report discusses the importance of preparing for a professional career and covers various aspects such as the roles and responsibilities of stakeholders, moral and ethical responsibility of organisation, importance of leadership and corporate governance, and the significance of professional bodies and codes of conduct. The report also identifies a relevant professional body that increases professionalism in an organisation and explains the process of incorporating code of conduct and professional standards within the organisation.

Preparing for
Professional Career

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Overview of Organisation............................................................................................................3
Roles and responsibilities of stakeholders...................................................................................4
Moral and Ethical Responsibility of organisation.......................................................................5
Importance of leadership and corporate governance in organisation..........................................6
Importance of professional bodies and codes of conduct............................................................7
Identification of relevant professional body that increases professionalism in organisation and
its positive impact on organisation..............................................................................................7
Process of incorporating code of conduct and professional standards within the organisation...7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Being developed with the updated as well as advanced knowledge, a person is able to
support its peers within the workplace. An effective professional career would certainly create
the position stronger at the organisation. This report is based on preparing for professional career
and in order to demonstrate different aspects of this report, Mace is an organisation that is taken
into consideration (Babajide, 2019). There will be an overview of the organisation in which it is
operating including the roles and responsibilities of stakeholders. Along with it, there will be
discussion on the moral as well as ethical responsibility of the organisation. Discuss the
importance of leadership and corporate governance within a company. Moreover, there will a
description on importance of professional bodies and codes of conduct. Furthermore, there will
be identification of relevant professional body that increases the professionalism within business
and its impact on organisation. Additionally, this report covers how code of conduct as well as
professional standards have been incorporated within organisation.
MAIN BODY
Overview of Organisation
Within this report, Mace is a UK-based organisation that is taken into consideration that
will demonstrate further aspects of the report. It is a multinational consultancy as well as
construction organisation that is headquartered in London, United Kingdom. The respective
company was founded in the year 1990 by a team of architectural and construction professionals
led by lan Macpherson. The organisation has its key five international hubs and these consist of
London, New York City, Nairobi, Johannesburg, Hong Kong, Dubai and currently it is operating
its business operations in more than 70 countries. There are over 5000 people engaged in the
respective company (Citurs, 2019). From the starting Mace has been shaped around a clear and
well-defined purpose. For more than 30 years, the organisation has pursued a better and effective
manner that is challenging itself to dream bigger, innovate and transform. The mission of Mace
organisation is to redefine the boundaries of ambition and the international experts are helping in
shaping the built environment for the purpose of leading the path to a more resilient, connected
as well as sustainable world. The objective of the company is to become an organisation that
champions diversity as well as inclusion within each markets, sectors and geography in which
the business is operating. The organisation wants to develop a culture of inclusion and

acceptance throughout the business where everyone who is functioning for Mace feels that it can
bring its entire self to perform each day.
Roles and responsibilities of stakeholders
Stakeholders in the construction sector have to perform a wide number of roles as well as
responsibilities through the whole duration of the project of construction. In order to become an
effective and efficient stakeholder, this is very significant to understand and know each role
within the whole industry. In context to Mace, the different types of stakeholders perform their
role together so the construction project within the organisation gets done effectively, quickly
and efficiently and the stakeholders left happy with the accomplished project (Finis and Owen,
2021). Before understanding the roles and responsibilities of stakeholders, it is better to first
understand the meaning of stakeholders. Within Mace, stakeholders are the people, individuals,
groups or whole organisations that impact or can be impacted by the result of the construction
project. There are two main types of stakeholders and these consist of external stakeholders as
well as internal stakeholders. External stakeholders within Mace include interest groups,
environmentalists, residents near about project site, real estate owners, social or political
organisations and many more. Internal stakeholders within the respective company involve
financiers, construction project owners, suppliers, creditors, contractors, subcontractors as well
as the entire management team of construction project. The roles and responsibilities of these
stakeholders are described as follows:
 Making and Voting on big decisions: In relation to Mace, some stakeholders in
construction project are board of directors who make critical decisions and vote on the
aspects which will influence the consequence of the project. These kinds of stakeholders
will hold votes yearly, half-yearly or when project structure comes into concern (Griner
and Salmon, 2021). Such stakeholders can also suggest modifications to management and
can also develop a new path of performing functions for a specific project.
 Giving expertise to project operations: Another role and responsibility of stakeholders
within given construction company is to give appropriate knowledge regarding the
project operations. Stakeholders within the construction project of Mace are brought on
as they have effective information or knowledge regarding such industry and can provide
a useful insight as to how the project of construction should proceed. Such stakeholders
can provide deep knowledge to the historical backgrounds of the area, existing trends in

any commercial industry the construction project is going on and will be clearly versed in
all of the technological skills which are required to do a project in an effective and correct
way. The stakeholders that perform such kind of role within Mace include the experts
such as accountants, bankers, lawyers, engineers, contractors and many more.
 Manage industrial crises: This kind of role is also performed by stakeholders of given
company in case if something happens at time of project such as issues coming up or
chemical substances being released which concern health as well as safety of people who
are engaged in construction project (Halonen and Dunn, 2018). In order to perform this
kind of role, stakeholders within Mace are required to be prepared for taking the
corrective direction from the local government. They also frame the decisions for the
construction project in case if the government of the given company deems that it poses a
risk to the health of people or environment.
 Social responsibilities: This is another responsibility that is performed by stakeholders
of Mace in such a way that they make a check on whole construction project that is going
on within organisation for making sure that whether such kind of project is causing any
sort of harm to society. For ensuring no harm to society, there are many stakeholders
within Mace who take measures for executing projects which will really give advantages
to local society as a whole.
Moral and Ethical Responsibility of organisation
In context to Mace, the company is committed to become a responsible business which is
performing the operations of organisation in a very safe manner and with the integrity along with
having respect for the law, human resources, environment as well as ethical practices. The code
of Ethics for the respective organisation set out the standards that are concerned with behaviour
which is expected by company in each aspect at the workplace through forming the foundations
of the culture of the organisation (Hooten and Sapp, 2021). All the managers, senior leaders and
supervisors of the given organisation lead in complying with Code of Ethics and also generates
an environment which provide assistance in encouraging the compliance as well as enable the
people for feeling comfortable in order to enhance the concerns and ask for advice. Strong,
accountable as well as transparent governance of Mace helps in safeguarding the health of the
organisation. This facilitates in enabling the business to maintain its entrepreneurial spirit, agility
along with offering the opportunities that are associated with the development of human

resources of the company. The organisation is collectively accountable for the oversight as well
as direction of the business. The Board of Mace believes that effective and better governance
includes the clarity of both the roles and the responsibilities and the appropriate utilisation of the
different processes as well as skills. The board of the organisation is mainly concentrated on the
long term strategy and the process in which it can continue to satisfy the ambitions of the
customers or clients through structuring its business throughout three main boards such as
consultancy, development as well as construction.
Importance of leadership and corporate governance in organisation
In relation to the construction organisation such as Mace, the process of leadership is
considered as a critical element of projects that are based on construction (Lent, 2018). Such
kinds of leaders are accountable for making sure that their project is accomplished within defined
time and budget and up to the needed standards. For achieving this, the leaders of Mace lead,
guide, instruct and motivate its team members for accomplishing task effectively. Within given
organisation, the significance of leadership is that it defines a way in which the project manager
or leader along with construction manager or leaders conduct themselves within their role for
gaining higher performance from people they are managing. In context to Mace, Pacesetting
Leadership style can be effective as such kinds of leaders set pace for their team members whom
they are leading. A leader on construction site will develop standards and also exhibit behaviours
that they desire to see and expect from their team members.
The concept of corporate governance is essential within Mace because it develops a
system of practices and rules which ascertain company's process of operating and aligning
interest of all of its stakeholders. Effective corporate governance results in ethical practices of
business that leads to financial viability. Good corporate governance assists in securing an
efficient and effective business operation within the interest of all stakeholders and also helps in
giving assurance that administration is acting in the best interest of the business thereby
contributing to organisational prosperity through openness in responsibility as well as disclosures
(Nguyen, 2022). In context to Mace, the corporate governance impacts the performance and
development of capital markets of organisation and also exerts a strong impact on the allocation
of resources. This influences on performance and behaviour of respective business,
entrepreneurship, innovative operations as well as development of organisation.

Importance of professional bodies and codes of conduct
A code of conduct is a significant element to any profession for maintaining standards for
people within an organisation for adhering. This brings responsibility, accountability as well as
trust to individuals that is served by profession. The significance of professional bodies within
construction company like Mace is that such bodies provide support for continuing professional
development, issuing code of conduct for guiding professional behaviour, etc. These kinds of
bodies are dedicated to advancement of practice as well as knowledge of professions through
process of evolving, supporting, controlling as well as fostering professional standards for ethical
and technical competence (Rindlisbacher, 2020). In context to Mace, professional bodies are
associated with public welfare and good image of professionals.
Identification of relevant professional body that increases professionalism in organisation and its
positive impact on organisation
The professional body of Board of Directors helps in enhancing professionalism within
Mace. This kind of professional body within respective organisation is concentrated on long-
lasting strategy and process in which it can continue fulfil ambitions of its clients through
structuring its business throughout three boards like construction, development and consultancy.
It brings positive impact on organisation and results in higher growth and success of the
business. The majority of directors within Mace facilitate in maintaining client engagement and
are renowned for their hands on approach, delivery, successful stakeholder management as well
as employee involvement. This permits them in better understanding the complexity of its
projects and constantly develop value for its clients.
Process of incorporating code of conduct and professional standards within the organisation
For incorporating code of conduct and professional standards within Mace, there are
various steps that are to be followed:
 Initial step is to collect ideas so as to what the conduct should include through examining
values that are listed in business mission statement and create them a focal point of a
brainstorming session (Semple, 2018).
 Next step is to create draft as a truly effective code of conduct is a favourable, value-
based document which serves as a guidance for proper behaviour instead of merely a list
of regulations and rules which must be obeyed at all costs.

 Third step is to review draft as Mace should undergo an overall review process for
ensuring it compiles with parameters that are evolved in first step. The task of code
development should review and operate essential edits.
 Next step is to formally adopting code through corrective parties that crucially includes
presenting it before board of directors of organisation for approval.
 Fifth stage is to introduce code to members of organisation as it is essential for its
effective execution.
 Last step is to enforce the code as it is no more valuable than the paper it is written on
unless there is a process in place to enforce it in an effective manner. Code enforcement
falls under domain of ethics or compliance officer.
CONCLUSION
From above explanation, it has been concluded that preparing for a professional career is
a significant aspect for an individual as enhances a wide number of opportunities for it regarding
job. This report has been included different prospects that are related to code of conduct and
professional standards that plays a major role within an organisation in its functioning. There has
been a discussion on moral and ethical responsibility of organisation as well as significance of
leadership and corporate governance in workplace. Moreover, this report has also been covered
significance of professional bodies as well as codes of conduct that helps an organisation in its
smooth functioning and conducting business operations in an effective and precise way.

REFERENCES
Books and Journals
Babajide, B., 2019, October. Exploring the Role of Employers’ Onboarding Programs in
Preparing Early-Career Engineers. In 2019 IEEE Frontiers in Education Conference
(FIE) (pp. 1-6). IEEE.
Citurs, A., 2019, October. Preparing Students for the Hybrid Career World. In NABET 2019
Conference.
Finis, N. M. and Owen, K., 2021. The Healthcare Workforce of the Future: Preparing Today for
the Opportunities Ahead. In The Handbook of Continuing Professional Development for
the Health Informatics Professional (pp. 293-299). Productivity Press.
Griner, A. and Salmon, A., 2021. Preparing to Be a Professional.
Halonen, J. S. and Dunn, D. S., 2018. Embedding career issues in advanced psychology major
courses. Teaching of Psychology, 45(1), pp.41-49.
Hooten, P. and Sapp, A. J., 2021. Job loss and preparing for the future: Seek support, take your
time, and plan strategically. American Nurse Journal, 16(9), pp.43-46.
Lent, R. W., 2018. Future of work in the digital world: Preparing for instability and
opportunity. The Career Development Quarterly, 66(3), pp.205-219.
Nguyen, L. N., 2022. Preparing Asian American Leaders in Higher Education: An Exploration
Study Using Bronfenbrenner's Ecological Model (Doctoral dissertation, University of
Southern California).
Rindlisbacher, D., 2020. Coach Mindset: Preparing Leaders to Create a Climate of Trust and
Value. Nursing administration quarterly, 44(3), pp.251-256.
Semple, C., 2018. LLI: Inspiring and Preparing for Professional Success. Ohio Law., 32, p.12.