The Board’s Role In Solving The Culture Puzzle
The board shapes culture immediately upon its selection of CEO, and what is expected and tolerated from management—and thus, the entire organization.
The board shapes culture immediately upon its selection of CEO, and what is expected and tolerated from management—and thus, the entire organization.
As discussed in part I of this series, A Board’s Guide to ESG and Incentives: Effectively Identifying Top ESG Priorities, before an organization can link
Even companies that have embraced board diversity may need to discuss and develop a position regarding these newly emerging interpretations of what “board diversity” should represent. Suggestions for how to keep disagreement to a minimum.
ESG concerns vary widely for each individual company, so boards will have to conduct deep internal analyses to find the ESG risks and opportunities unique to their companies.
With mounting pressure on companies to take action on environmental and social matters, boards remain divided on where responsibility lies.
Boards that have been slow to move on diversity or haven’t moved at all may want to consider and prepare for the following possibilities.