Board Legend Marty Lipton: ‘Shareholder Primacy Is Just Dead Wrong’
Known as a defender of choice for companies under attack, Martin Lipton has also been arguing against short-termism for more than three decades.
Known as a defender of choice for companies under attack, Martin Lipton has also been arguing against short-termism for more than three decades.
In recent months, the Covid-19 pandemic, economic uncertainty and significant social
unrest have combined to bring waves of change not seen in more than a century. To
assess the potential fallout for public companies, Corporate Board Member Institute
and RSM US LLP convened a small group of board members to share their experiences
helping their executive teams focus on appropriate courses of action. Some takeaways.
Known as a defender of choice for companies under attack, Martin Lipton has also been arguing against short-termism for more than three decades.
“You have to lead from in front,” says the chairman of Esteé Lauder, whose board both exemplifies and helps cultivate the company’s commitment to inclusion and diversity.
“Focus on the things you can control,” says Ellen Kullman, who, as lead director of United Technologies, helped guide the company during a tumultuous transformation.
Gathered for Corporate Board Member’s two-day committee series, directors shared experiences and insights on living up to the evolving expectations of today’s stakeholders. Some takeaways.