Conflicts and Biases In The Boardroom
At a time when the importance of corporate governance has been firmly settled, we need to better understand how bias impacts governance and be more intentional about addressing it.
At a time when the importance of corporate governance has been firmly settled, we need to better understand how bias impacts governance and be more intentional about addressing it.
What drives monolithic corporations to seek help with innovation? Often, fear of failure. It can prevent them from pursuing ideas and stifle their own innovative spirit, ultimately leaving room for competitors to steal market share.
This year alone, employees have been particularly willing to publicly confront companies for wage increases, benefits and other concessions. These actions can potentially pose significant challenges for corporate boards.
Poorly managed diversification has been one of the primary contributors to shareholder value destruction. However, properly managed diversification offers profitable growth beyond the core that can significantly improve shareholder value.
Corporate Board Member spoke to Citizens Bank CEO and chairman Bruce Van Saun about the company’s continued evolution, how he works with the company’s board of directors and more.
So how far should board members go in their oversight of corporate culture? Here are five ideas already being implemented by active boards.