Bringing Purpose Into Pay Programs
Examining non-financial metrics in the wake of the Covid-19 crisis.
Examining non-financial metrics in the wake of the Covid-19 crisis.
Directors must first get past the naiveté of believing that systemic racism and injustice does not exist in their companies. Then they must ask what management will do to change the narrative.
Some might interpret the move as a statement that white directors resigning is the only way to bring diversity to the board. That’s not what this is about.
In good times and bad, the core mandate of a board is unchanged: Ensure the future success of the organization. That requires a diverse range of people and perspectives to capture the full mosaic of emerging trends.
CEOs and directors are uniquely positioned to set the tone of how their companies deal with racial inequities inside their companies, and by extension, in America at large.
The protests around the country address an issue larger than police brutality and, if there is to be any long-term sustainable change, it’s an issue that must be addressed by corporate America.