STAKEHOLDERS, SHAREHOLDERS… AND THE BOARD OF DIRECTORS
Corporate boards have enough trouble representing the company’s shareholders — how are they also supposed to do right by stakeholders? That’s the question asked in the September issue of online monthly Boardroom INSIDER. In the lead article, publisher and business speaker Ralph Ward examines the U.S. Business Roundtable’s new call for top corporations to move beyond their traditional priority of company shareholders, and also weigh the interests of stakeholders (employees, suppliers, local communities, etc.)
“What are boards supposed to do about this?” Ward asks. There is a solid body of legal and regulatory precedent letting boards know their duties to investors (who will “sue at the drop of a hat” for any hint of board slacking). Stakeholders, however, have none of these enforcement tools, and, writes Ward, their interests are still “uncertain, often conflict, and lend themselves to political gaming.”
Other articles in the September issue include:
NOW ON AUDIOBOOK.
— Here’s why you have more “board experience” than you think (and why your current resume hides it).
— How women can jump the career obstacles they face into the boardroom.
— Finding your board search mentors and networks.
— How board searches really work (and how to turn flaws in the process to your advantage).
— Gaining the attention of board contacts and search firms.
— Prepping for a board interview… and for your first board meeting.