The Levers for Sustainable Growth: Why ESG Is More Important Than Ever
Businesses may feel compelled to focus on the short term, but given stakeholder interest, putting off long-term ESG initiatives could cause irreparable harm.
Businesses may feel compelled to focus on the short term, but given stakeholder interest, putting off long-term ESG initiatives could cause irreparable harm.
Boards have known for some time that investors want to see ESG progress, but standards for communicating efforts have been lacking. That may be changing.
Shareholders give no indication of putting ESG on the back burner. In fact, its significance seems to be rising—and boards need to be ready.
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.
In order to perform their essential oversight duties, directors need to understand the problems their executives are focused on solving as they chart a course from crisis to recovery.
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.