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.
With all due respect to Milton Friedman, purpose doesn’t happen at the expense of profits; it happens in support of profits. To be a strategic value driver that enables a company to achieve the greatest returns from its investments, purpose must be baked into the DNA of the company.
Here is a practical list of key considerations for new directors as they join a board. With those principles in mind, and equipped with their informed business judgment, directors can better fulfill their duties to the company and protect themselves.
Elliott Management Corp.’s activist move against AT&T this month may be a sign that some shareholders are going to scrutinize board strategy more closely due to the Business Roundtable’s restatement of what the purpose of a corporation should be.