When It Comes To Building Talent, The Five-Year Plan Is Obsolete
If boards want to help their CEOs devise a winning talent strategy, they need to focus on a much shorter time horizon.
If boards want to help their CEOs devise a winning talent strategy, they need to focus on a much shorter time horizon.
Well governed organizations have vastly overperformed poorly governed ones during the pandemic. Despite the vast difference in context, this is an exact repeat of the 2008 crisis. So why has governance become such a key differentiator?
“Focus on the things you can control,” says Ellen Kullman, who, as lead director of United Technologies, helped guide the company during a tumultuous transformation.
Deciding what to do when a company is asked to announce its position on polarizing issues will require boards to develop a range of responses.
Every board and management team should identify which ESG matters are material to their organization and understand how they should be approached and monitored and how to communicate their approach to investors.
The Covid era will cause many boards to enhance their HCM oversight and voluntarily discuss more about their efforts.