Conversations with CEOs across a range of industries shed some light on what corporate leaders are focused on as they face down the global crisis.
Businesses may feel compelled to focus on the short term, but given stakeholder interest, putting off long-term ESG initiatives could cause irreparable harm.
Boards have known for some time that investors want to see ESG progress, but standards for communicating efforts have been lacking. That may be changing.
Veteran director and former Deloitte CEO Ed Kangas has built a reputation for wrangling with nightmare disruptions and thorny complexity—all while keeping the boardroom drama at bay.
Shareholders give no indication of putting ESG on the back burner. In fact, its significance seems to be rising—and boards need to be ready.
As the unprecedented outbreak of Covid-19 continues to take its toll, the virus may also pose a special strain of threat capable of breaching directors’ duty of loyalty.
As a fiduciary, it will be hard for boards to argue that allowing a sitting CEO to serve on multiple outside boards during a crisis is in the best interest of investors and stakeholders.
Increasing complexity of the rules and regulations, emerging risk and a lack of formal metrics for measuring the effectiveness of compliance programs are all contributing to rising director anxiety.
In order to perform their essential oversight duties, directors need to understand the problems their executives are focused on solving as they chart a course from crisis to recovery.
CEOs with this affliction tend to be charismatic and confident, but, left unchecked, they often steer their companies into the abyss. Watch for these symptoms.
Thanks to the explosion in remote work, companies are more vulnerable than ever to a breach. It is still possible to make one's company un-hackable, but it will take investment of both time and money.
As shareholder concerns about environmental risk grow during the pandemic, boards should expect increased scrutiny and should consider the following strategies for reassuring stakeholders.