YES, WE STILL TREAT CORPORATE BOARDS WITH CONTEMPT
Worldwide, corporate boards face increasingly tough demands for business monitoring, legal compliance, strategy setting and management oversight. We now ask much of our boards — yet still treat them with contempt, says an article in the October issue of online governance monthly Boardroom INSIDER.
Recent business scandals show “boards and governance treated badly, and worse, such abuse accepted by those who should know better,” writes BI publisher and business speaker Ralph Ward. The past year saw such U.S. examples as Nissan, Boeing, and ICICI Bank in India, but the most egregious insults to good governance came at new economy, fast-growth “unicorns.”
Ward notes the antics of Elon Musk and Uber’s Travis Kalanick showed them brushing aside board oversight. The past month’s IPO meltdown for WeWork could suggest boards and investors getting serious about governance. However, Ward writes that, while founder Adam Neumann was dropped from the CEO role for being “too flaky and conflicted…they then bumped him up to chair the board. That’s treating corporate governance with contempt.”
Other articles in the October 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.