Lazy corporate managements will love the Business Roundtable’s new statement on the purpose of a corporation, which says that multiple stakeholders should be served. But multiple accountabilities mean no accountability. Shareholders will dump the stock of companies taking this approach...
Beginning in 2001, major corporate accounting scandals at Enron, ... corporate governance , internal control assessment and enhanced financial ...
There’s a lot of discussion going on these days about board service and why there aren’t more women on boards. Over the next few weeks we’ll discuss that and look at some strategies that might help you if you aspire to board service. A seat at the corporate board table is an aspiration for many leaders and for good reason...
Here are five steps your organization can take to truly bring the best candidates forward and set them up for success...
Ensuring that all stakeholders understand and take ownership of the integrated roles they play in the onboarding process will create the necessary conditions for the new executive to thrive...
Chinese internet giant Tencent is set to buy a 10% stake in the Universal Music Group, which is owned by French media conglomerate Vivendi...
After all the terrible headlines about harassment in Silicon Valley, after all the #MeToo stories, after all the well-meaning efforts, like Reid Hoffman’s Decency Pledge… the percentage of funding to women-led companies by venture capitalists in 2018 actually … fell...
Calling corporate leaders "sociopaths" and forcing them to exercise social consciousness is unnecessary and misdirected...
I believe that the best way to accumulate and manage this necessary advice is to have an advisory board , and more companies are utilizing them ...
The political gridlock in Washington DC has caused activist groups to take policy battles to the boardrooms and annual meetings of the country's public corporations. This development presents a risk to shareholders that they will be forced to sacrifice returns for political goals they don't share...
Why do some firms seem to attract more media disapproval than others when it comes to CEO compensation perceived as excessive? And do CEO attempts at philanthropy of the kind seen recently after the Notre Dame fire in Paris, ward off such media onslaughts to the former – or catalyze them?...
There have been seismic developments in corporate governance during the first six months of 2019, which boards will be expected to recognize and monitor...
Shareholders overwhelmingly approved Centene's purchase of WellCare Health Plans...
According to the U.S. Spencer Stuart Board Index, boardrooms are “reshaping themselves with fresh skills, qualifications, and perspectives.” I underscore the last word in the aforementioned quote to impress upon you that to win a seat at that board table you are after, you must craft your resume through unique lenses. To revive your board profile, discard the traditional narrative, and communicate a personal, modern and mobilizing board candidacy. Make your resume serve as a vessel for your distinct leadership voice...
Three Google employees will present proposals on behalf of shareholders at Alphabet's annual meeting on Wednesday, reflecting how tech workers are increasingly taking a leading in role protesting company policies and business practices...
Former Amazon executive John Rossman recalls attending meetings of the company’s senior leaders (S-teams) and sitting in silence for fifteen or twenty minutes before an active discussion began. During that silence, CEO Jeff Bezos and the other senior leaders were participating in a ritual that could radically transform your business—it did for Amazon...
According to data from Juniper Research, the average cost of a data breach will exceed $150 million by 2020 — and by 2019, cyber-crime will cost businesses over $2 trillion — a four-fold increase from 2015.
History hasn’t necessarily favored the marketer when it comes to C-Suite hierarchy. While talented marketing leaders are occasionally considered for internal CEO succession, external searches largely focus on other C-suite titles. As a result, not only do companies fail to fully benefit from the unique capabilities of qualified CMOs, they also miss out on a diverse pool of candidates...
As I write this, the market value of Tesla has dropped by about half since it’s last peak in mid-December. It’s been pretty steadily downhill for the past six months. Of late there has been increasing speculation about someone stepping in to buy Tesla including Kara Swisher’s sidekick on the Pivot podcast Scott Galloway. Over the past couple of years, I’ve stated on several occasions and still believe that any acquisition of Tesla is going to be difficult with the biggest reason being CEO Elon Musk...
A board of directors has what are called “fiduciary responsibilities” and can be held accountable for lack of proper oversight or guidance. They have ...
Joining a board of directors sometimes has the connotation that it’s an easy job you accept after retiring from your career. People tend to think that board members just play golf and show up to quarterly meetings to review the board package, the budget and look over financials...
Ask yourself, “what can I do that will improve my leadership skills and grow my network?” The answer is not to swan-off to a retreat for entrepreneurs, but to join the board of directors at another company, organization or charity...
We think activists can create huge value by bringing a better focus on capital allocation to this retailer...
