California Bill May Force Boards To Debate Diversity
The new legislation is certain to face strong opposition in the courts—but too much vocal opposition by individual directors could do reputational harm.
The new legislation is certain to face strong opposition in the courts—but too much vocal opposition by individual directors could do reputational harm.
It may not be a topic directors are eager to address, but boards should expect shareholders to raise the issue more frequently as calls for greater director accountability and more frequent board refreshment continue to grow.
Sandy Climan is one of Hollywood’s most respected executives—but he also has a deep background in public health. His assessment of what’s to come with Covid? “I think we’re looking at another year.”
If boards want to help their CEOs devise a winning talent strategy, they need to focus on a much shorter time horizon.
Corporate boards may want to re-evaluate their current compensation models to make sure that they don’t unfairly enrich executives who are responsible for long-term shareholder value.
With the U.S. further downsizing the economic relationship with China, boards and CEOs should be strategizing for a long-term process.