The Increasing Spotlight On ESG In A Post-COVID Era
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.
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.
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.
As shareholder concerns about environmental risk grow during the pandemic, boards should expect increased scrutiny and should consider the following strategies for reassuring stakeholders.
We are globally connected, interdependent and extremely vulnerable. We ignore the implications of that at our peril.
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