Boardroom INSIDER for… DECEMBER

 

DOES YOUR BOARD AVOID SEEING BAD NEWS?

 

(December, 2016) Whatever happened to the “don’t ask, don’t tell” policy?  It’s alive and well in corporate boardrooms, says the December issue of online monthly Boardroom INSIDER.

BI publisher and governance speaker Ralph Ward writes that board controls and info updates have evolved beyond directors avoiding unpleasantness (and executives not wanting to bear bad news) into legally mandated control, disclosure and whistleblower systems.  But too often this only results in directors seeing “lots of colorful PowerPoint reports on how well controls are working — until they don’t.”

The BI article notes that the recent Wells Fargo fake customer account scandal saw whistleblowers using the system to report irregularities. — and then allegedly being sacked for doing so.  To battle the “controls that don’t” issue, Ward writes that “directors need to say ‘prove it‘ — but then have the resources and wherewithal to follow through.”

Also in the December Boardroom INSIDER:

pink 4 tools for board crisis management
pink “Board wannabe” networking tips from a pro
pink Q&A: How do we vet potential board candidates?