Boards of directors have undergone a number of pivotal moments in the wake of the COVID-19 pandemic and the racial justice movement spurred by the murder of George Floyd in 2020. In some cases, the demands of board members have irrevocably expanded...
Alarm bells are ringing in the wake of the Intergovernmental Panel on Climate Change’s recent report, which sounded a “code red for humanity.” Scientists’ predictions for climate impact on our global ecosystems and livelihoods are startling...
The calls to diversify board leadership are justified for many reasons. First, it’s about time corporate leadership started looking like the rest of the employee base and the customers they serve. Second, diverse leadership can have a positive, cascading effect on inclusion and company culture...
Most corporate directors I speak with these days say they face rapidly rising expectations. Overseeing succession, strategy and financial performance were the board’s traditional triad. But now, directors must master a host of new technology challenges as well as issues of corporate culture, talent, diversity and inclusion, climate and public trust...
When the pandemic struck last year, many CEOs across the globe announced they’d cut their own salaries. Now that we’re 17 months into this crisis, it prompts the question: Did business leaders go through with this pledge?...
Critics of stakeholder capitalism and ESG— corporate leadership based on environmental, social, and governance metrics—have been out in force over the last ...
The theme was environmental, social, and corporate governance , so the IPCC report was a hot topic. In the document, the world's top climate ...
Consider corporate governance guidelines, which describe how board members are supposed to make their decisions. If a company is moving “away ...
As the IPO date ticked closer, investors became increasingly wary of the company as it revealed its financials and its questionable corporate governance ...
For about seven years, she tried to get on a corporate board, Moyo said. ... But government needs to partner with corporate boards in order to make ...
How challenging is it to find women—including women of color—for your public board? It’s actually not that hard, according to Max Simkoff, CEO of real estate tech startup Doma...
Law firm Perkins Coie announced Wednesday an initiative to increase the number of Black men and women on S&P 500 corporate boards to one in eight by 2028. The program, dubbed the Black Boardroom Initiative, is backed by Deloitte , Amazon, Microsoft, Starbucks, and Zillow...
When Nasdaq president and CEO Adena Friedman drove a rule change requiring companies to disclose the diversity of their boards , she knew there would be some pushback...
Following the murder of George Floyd in Minneapolis on May 25, 2020, many U.S. companies began reevaluating their diversity, equity, and inclusion practices at the urging of employees, consumers, and investors. The diversity of board members, or lack thereof, is also at the forefront of conversation. Nasdaq proposed a board diversity rule in December, which is being considered by the U.S. Securities and Exchange Commission (SEC)...
The so-called blank check company, sponsored by investment firm Altimeter ... For some, that indicates that the corporate governance risks around the ...
As far as society is concerned—as far as a company’s customers, employees, and even investors are concerned—how a company behaves in the world is now as important as what it sells or produces...
Unsurprisingly, Chevron is not the only company agitating to display its newly found environmental, social, and corporate governance (ESG) ...
Last June, as the nation convulsed with protests against racial inequality and the police killings of George Floyd, Breonna Taylor, and too many others, Nike was in the same predicament as much of corporate America—pledging to help rectify society’s mistreatment and exclusion of Black people, while simultaneously being called out for its own failings on that front...
We begin with a simple truth. In the United States of America, no diversity policy should stand if, by its terms, African-Americans can be wholly excluded. A second truth: No diversity policy that pits African-Americans against the LGBTQ community should stand. Unfortunately, Nasdaq’s proposed board diversity Rule 5605(f), now being considered by the Securities and Exchange Commission (SEC), subverts both truths. While laudable in intent, the proposed rule is anti-American...
Goldman Sachs Group Inc. cut Chief Executive Officer David Solomon’s annual compensation 36% after deducting a penalty for the bank’s 1MDB bribery scandal...
... company that has been embroiled in a years-long corporate governance ... Sinovac triggered the poison pill, which was written into the company's ...
In a normal year, the wickedest corporate scandals and worst executive malfeasance are impossible to forget. But in 2020, many of us found ourselves hard-pressed to even recall what evil acts went down over the past 12 months. To that end, Fortune's editors have rounded up the 10 strangest, juiciest, most out-there business scandals of the year...
The 800-pound, albeit virtual, gorilla in every corporate boardroom is just how fast the U.S. economy will recover and reopen in 2021. And a lot of that is dependent on the success of looming mass vaccinations : Dr. Anthony Fauci said this month we'd need 75% to 80% of the country to take the vaccine in order to resume normal life by the end of next year. But will people actually take a COVID-19 vaccine...
On Tuesday, the China Securities Regulatory Commission also pledged to improve corporate governance and enhance scrutiny of initial public ...