While we should take time to acknowledge the progress made in diversifying corporate boards, this is also a good time for directors to determine where they stand on this issue.
With shareholder proposals at record levels, proxy advisors threatening to vote “against” directors on non-diverse boards and increasing state legislation threatening fines for lack of diversity, it may soon be all but mandatory.
Directors have seen their responsibilities expand significantly as scrutiny of board decision making has increased—as has the amount of work board members must do to keep the company running efficiently. It might just pay to add seats.
The biggest risk—and opportunity—in your business today? Your leadership. The right person at the wheel will nail exponential growth and win in a digital age. The wrong one?
You’re a goner. A frank guide to who you need—now.
In the past, some Nom-Gov chairs felt they were perceived as onerous compliance police. Today, they have the opportunity to lead on a host of critical issues confronting organizations and their boards. A look at how to do that right.
In an interview with Corporate Board Member, Hartnack shares his views on a range of topics, including how to monitor culture from the outside.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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