How to Use Your Social Skills & Ambition to Find the Right Candidates for Your Board
For some organizations, particularly public corporations and nonprofits, having a board of directors is necessary. However, although the law may dictate that you have a board, there are no rules governing how effective your board must be. Ensuring that a board of directors works well together and steers the company in the right direction is
Read More
How Your Board of Directors Can Prepare for Executive Turnover
In recent years, boards have experienced an increase in what many call the “sudden voluntary departure” of their C-suite executives. In fact, well over half of boards expect it to happen in their company within the next two years. Unfortunately, these departures can devastate a corporation and its long-term growth. Because most plans are made
Read More
Defining & Maximizing the Board’s Role in a Successful Company
In recent years, there has been an increased focus on good governance and its role in creating value for shareholders. While good governance has many definitions and perspectives, its ultimate test is whether the company can fulfill its strategic mission. To accomplish this goal, the board must understand its role, have the right foundation and
Read More
Proven Board Diversity Tactics for Modern Businesses
The corporate case for diversity, equity, and inclusion (DEI) as well as representation and leadership at the board level is well established. Board quality is dependent on-board diversity. Diversity helps your company’s board avoid ‘groupthink’ and empowers them with diverse ideas and new approaches that help conquer future threats and embrace opportunities. Overwhelmingly, studies point
Read More
When Should Your Company Start Considering Board Recruitment?
While the answer to this question varies depending on the unique growth stage and opportunities of each company, this is a question every founder asks at some point – often with great reluctance. Understandably, many founders are less than keen on the subject of board recruitment. Stories abound of founders who were pushed out of
Read More
Pursuing Genuine Diversity in Corporate Culture
One of the hardest things for any leader is to admit their mistakes. But as corporate America takes a step back to examine its posture toward underrepresented groups of people, board members will have to admit to past missteps in an attempt to cultivate a more inclusive workplace. On the one hand, it’s okay to
Read More
How Should Boards Navigate ESG Risk?
In April of 2023, Bud Light partnered with trans activist and influencer Dylan Mulvaney, triggering a backlash from critics and activists. By October 2023, Anheuser-Busch InBev had lost $27 billion of its market value. The damage to the brand’s reputation only highlights the fact that corporations are not immune to the culture war, prompting companies
Read More
Characteristics of a Competent Board Member
Your company’s board of directors sets the tone for the entire organization. They’ll decide when to bring on new executives and establish specific objectives for various departments to work toward. Typically, their experience in prior executive leadership roles gives them the perspective they need to liaise directly with senior leadership while still maintaining their independence
Read More
Examining & Evaluating the Two-Tier Board Structure
Many people in corporate America or the world of investing know that public companies usually have a governing board responsible for making decisions about their strategic goals and overall direction. For most companies in the U.S., the common corporate governance structure involves one board that handles these tasks. In other jurisdictions, particularly in English-speaking countries
Read More