Stand By A Controversial CEO? Five Questions The Board Should Ask
Public controversy prior to Occidental Petroleum’s recent acquisition of Anadarko Petroleum epitomizes the pressure boards can face in supporting a CEO caught in the spotlight
Public controversy prior to Occidental Petroleum’s recent acquisition of Anadarko Petroleum epitomizes the pressure boards can face in supporting a CEO caught in the spotlight
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.
Because corporate or executive wrongdoing may result in criminal prosecution, large civil fines, substantial damages, and negative publicity, a carefully-planned and well-executed investigation is critical.
In 2019 and beyond, a board’s reflexes need to be finely honed—and that means throwing out the standard drill for response and remediation.
When it comes to #MeToo, should boards undertake preemptive strikes and get ahead of potential issues by commissioning “clean bill of health” investigations before allegations arise?
Big issues dominated the boardrooms of America in 2018, with board composition, investor influence, ESG and #MeToo/culture management issues taking center stage.