While ESG is often spoken about as one thing, it has multiple, overlapping components, some of which directors must address when they meet their duty to deliver shareholder value in the short and long term.
Virtuosos distinguish themselves by exemplifying E5: excellence, expertise, experience, enterprise, and ethics. They force people to take them seriously. They don’t raise the bar—they set it for everyone else. They serve as gold standards...
The CEO and board chair relationship is the most important relationship in the company. I have seen chairs and CEOs who disagree, who have had to navigate their way to a common strategy, who have sought my advice in approaching a sensitive situation with the other, and in all cases, they have a foundation of trust.
Historically, incumbent CEOs anointed their successors, but that all changed in the post-Sarbanes-Oxley environment that required the consideration of the entire board. Now the CEO’s job involves preparing one or two strong internal candidates—ensuring leadership continuity and the CEO’s legacy. However, selecting the right person from among internal and external candidates remains the single most critical task the board has.
The following is evidence of the progress yet to be made on diversity: the continuing dialogue on how to “manage millennials” at the same time that […]