Prepare to explain why share price is down in an economy that many say is one of the best in history, and to communicate a strategic plan for creating long-term growth and value going forward.
Removing an entire board will likely remain rare, but boards will likely be held increasingly accountable for the amount of time they take to respond to stakeholder concerns.
The media paints a picture of directors responding to shareholder demands for change. But as far as directors are concerned, the notion of valuing stakeholder concerns is anything but news.
If companies don’t currently have a policy concerning the addition of a non-management employee to their board of directors, they may want to develop one—soon.