Is There A Message Behind Reddit Co-Founder’s Resignation From The Board?
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.
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.
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.
The current crisis may be proving the theory that bucking the specialist director trend was, and is, the right way to go.
Veteran director and former Deloitte CEO Ed Kangas has built a reputation for wrangling with nightmare disruptions and thorny complexity—all while keeping the boardroom drama at bay.
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.
CEOs with this affliction tend to be charismatic and confident, but, left unchecked, they often steer their companies into the abyss. Watch for these symptoms.
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