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Survival Guide: How Marcy Syms prepares for board meetingsIssue: 2019 First QuarterMarcy Syms: Director, Rite Aid; Benco Dental; ERA Coalition; NPR Foundation; Women’s Forum of New YorkMarcy Syms goes into board meetings with one thing on her mind — profitability. Not only profitability for shareholders, but for all stakeholders. She considers this the difference between short...
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2019 Focus Areas for BoardsIssue: 2019 First QuarterTime for reinvention, especially audit committees.Board agendas should continue to evolve in 2019. The game-changing implications of technology/digital innovation, scrutiny of corporate culture, growing demands to address environmental and social issues, and investor expectations for greater board e...
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Becoming a Purposeful BoardIssue: 2019 First QuarterImproving the world improves corporations.When we think of inspirational words, we often think of those from great leaders: the Rev. Dr. Martin Luther King, Jr., Mahatma Gandhi, Mother Teresa, Winston Churchill. We don’t often think of contemporary corporate titans, whom we assume are too busy thi...
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My Board Journey: JULIANA CHUGG, Director, Caesars Entertainment Corp. and VF CorpIssue: 2019 First QuarterWhat was the process that led you to join Caesars Entertainment’s board? Did you know people in management or on the board?I was recruited via an executive search firm that consisted of an initial screening via the search firm followed by interviews with each member of the nominating committee, an...
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The Character of the Corporation: It’s a Wonderful Life — for CatsIssue: 2019 First QuarterIn the midst of a housing crisis in Silicon Valley, two cats named Tina and Louise are living large in an apartment costing $1,500 a month. It’s just the two felines living alone because their owner went to college and the student’s father opted to give the furry friends their own space.The Merc...
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The Character of the Corporation: ESG ESG ESGIssue: 2019 First QuarterThree letters are echoing throughout corporate boardrooms.SPECIAL REPORT:• The Character of the Corporation. (Intro) Delaware Supreme Court Chief Justice Leo Strine tells Directors & Boards that it is not “sustainable to have societies where large corporations do not have...
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ESG Point/Counterpoint: Should environmental, social and governance reporting be standardized and mandated?Issue: 2019 First QuarterFor: Time to bring corporate reporting into the 21st century.By Anne Simpson, Director, Board Governance & Strategy, CalPERS; Directors & Boards Editorial Advisory Board MemberWhat drives company value? What are the risks? Balancing these twin issues is at the heart of corporate reporting. A...
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The Character of the Corporation: Stop Fighting ESGIssue: 2019 First QuarterTips for becoming environmental, social & governance board leaders despite the lack of ESG clarity and standards.Companies, and the boards that run them, are in an ESG quandary.While funds and activists can set their social responsibility standards, the businesses they invest in are left to make...
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The Character of the Corporation: How Can Boards Wrestle the ESG Agenda?Issue: 2019 First QuarterQuestions to ask the CEO.Boards must guide management to frame an agenda for the company to meet its most critical challenges. And that agenda shouldSPECIAL REPORT:• The Character of the Corporation. (Intro) Delaware Supreme Court Chief Justice Leo Strine tells Directors & Board...
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The Character of the Corporation: To Figure Out the "S" in ESG, Look WithinIssue: 2019 First QuarterDirectors need to assess how their core business connects to society.SPECIAL REPORT:• The Character of the Corporation. (Intro) Delaware Supreme Court Chief Justice Leo Strine tells Directors & Boards that it is not “sustainable to have societies where large corporations ...
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The Character of the Corporation: ESG Faces Tests of Staying Power, Especially With the Ghost of Milton Friedman in the WingsIssue: 2019 First QuarterWill a potential economic downturn, or the ghost of Milton Friedman, dampen the social-purpose movement? For more than 30 years, the accepted religion of corporate boards, investors, economists and the courts have held that the foremost obligation of directors is to take actions that make...
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The Character of the Corporation: Best Buy's Road to Gender Parity in the BoardroomIssue: 2019 First QuarterIt’s not about tokenism, it’s about business strategy and doing the right thing.Kathy J. Higgins Victor was the lone woman on Best Buy’s board for six years, but after many frank board discussions about the value of diversity and the hiring of a new CEO in 2012 who was committed to a diverse C...
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Director Data 1st Quarter 2019Read the report... Currently, few directors emphasize ESG issues as a significant board priority. In the National Association Corporate Director’s (NACD) 2018-2019 Public Company Governance Survey, just 28% report that it is important or very important to improve board oversight in this area....
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The Character of the Corporation: The Story of "S"Issue: 2019 First QuarterWhat does "social" in ESG encompass?Defining the “S” in ESG (environmental, social and governance) issues and responsibilities in corporate America seems to be a moving target.Even the U.S. Securities and Exchange Commission has no definition for “social” responsibilities, according to a spo...
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The Character of the Corporation: ESG Is On Costco's Board AgendaIssue: 2019 First QuarterChairman Hamilton E. “Tony” James discusses the company’s focus on environmental, social and governance (ESG) issues. When it comes to environmental, social and governance issues, Costco chairman Hamilton E. “Tony” James says most companies are playing catch up. ESG, he maintains, has...
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The Character of the Corporation: Profit and PurposeIndra Nooyi, former PepsiCo chairman, talks about balancing bottom line and societal success. By Indra NooyiWhat are the essential attributes — the character — of a corporation? It’s a vital question, one that societies around the world have been pondering for centuries.During the Gilded...
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Special Report: The Character of the CorporationIssue: 2019 First QuarterIs your company operating in a socially purposeful way?There is a growing movement to push corporations to take on a bigger role in addressing societal problems, from climate change to income inequality.That’s left many directors wondering what type of role and how big a role they should — or ev...
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“Courageous” Boards Can Drive the Profit, People, Planet AgendaIssue: 2019 First QuarterHalla Tómasdóttir, CEO of Sir Richard Branson’s social purpose nonprofit The B Team, talks about the role directors need to play.The decades old notion that profit is the sole driver of corporations and directors need to only care about the bottom line is becoming an anachronism, maintains Halla...
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When the CEO Has To GoIssue: 2018 Fourth QuarterBest practices when sending a pink slip to the corner office.With the explosion of the #MeToo movement, CEOs — like other executives — are being accused of sexual harassment or inappropriate behavior more than ever before. And after an investigation, if found guilty, more are being shown the doo...
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Director Data 4th QuarterIssue: 2018 Fourth QuarterCEO TrendsRecord number of CEOs reached retirement age• In 2017, nearly 17% of sitting CEOs reached retirement age (64 or older). That’s the highest rate since we began tracking successions.Outsider CEOs gained steam• Outsiders filled around 44% of vacancies. In both 2015 and 2016, they filled...