PWC on Corporate Boards: Cyber Threats, #Metoo, Diversity, and What Shareholders Want

PWC on Corporate Boards: Cyber Threats, #Metoo, Diversity, and What Shareholders Want PWC’s annual director survey is one of our most trusted resources on corporate governance from the perspective of the boardroom, and this year’s edition has some significant findings on issues like diversity, CEO pay, climate change, cybersecurity, and the gap between what board members…

Column: This is what happens when you take Ayn Rand seriously | PBS NewsHour

Denise Cummins writes about what happened when Sears was run according to the principles of Ayn Rand. SPOILER ALERT: Chaos, followed by bankruptcy. Think Lord of the Flies in the executive suite. In 2008, Sears CEO Eddie Lampert decided to restructure the company according to Rand’s principles. Lampert broke the company into more than 30…

Finally, Evidence That Diversity Improves Financial Performance

This is an exceptionally thoughtful and important study about the financial benefits of diversity. When managers and scholars talk about diversity’s impact on organizations and teams, they’re usually referring to the effects on collective accuracy and objectivity, analytical thinking, and innovativeness. On “harder” measures of financial performance, researchers have struggled to establish a causal relationship…

GE Whiz: If Only Flannery’s Ouster Was Unique

No one knows more about CEO succession — the good, the bad, and the very ugly — than Yale’s Jeffrey Sonnenfeld. He has some thoughtful comments on the second CEO within a year at GE. He insists it is not unheard of and makes the key point that there was a major turnover on the…

Morgan Stanley: The Business Case for Sustainable Investing

While the adoption of sustainable investing strategies are growing, there remains concern among many investors that incorporating environmental social and governance (ESG) criteria into your portfolio means accepting a lower rate of return.To move past that notion, it’s important to understand that the definition of sustainable investing has nothing to do with philanthropy, nor is…

The (expensive) lesson GE never learns – The Washington Post

How about a #MeToo movement for executive compensation?No joke. Corporate America has abused shareholders for too long. They have made a mockery of fairness, taste and responsible capitalism.They have no more idea of proper incentives than Harvey Weinstein had of employee relations.Their unceasing grabbing of tens of millions of other people’s (their shareholders’) money bespeaks…

Clean up climate change? It’s just good for business. – The Washington Post

If the world’s largest companies live up to the promises they’ve made to slow climate change, together they could reduce emissions by an amount equal to those of Germany. The corporate pledges gained new attention this week after an ominous report was issued by the Intergovernmental Panel on Climate Change, which said that government policies…