A chief executive officer (CEO) who is also the chairman of their board becomes an increasing rarity. Around 59% of S&P 500 companies had separate CEO and chairperson positions in 2021, a 55% increase since 2020 and a 37% increase since 2011. One recent example of this transition that sent shockwaves worldwide was Tesla’s CEO,…
According to the MIT Sloan School of Management article, board meetings typically last three to four hours. Meanwhile, 42% of workers, including executives, feel they waste at least a quarter of every meeting, Financial Times concludes. Indeed, there’s nothing worse than board meetings that spend too long on nonurgent topics that should necessitate minimal discussion….
Nonprofit organizations play a critical role in the global economy, with over 1.5 million nonprofit organizations registered in the U.S. alone, employing 12 million people (7.5% of working Americans) and contributing around 6% to the country’s GDP. Such a huge impact is possible, particularly due to the well-coordinated work of nonprofit board members and the…
Lately, ESG compliance has become an essential part of corporate strategy. Being ESG compliant for a company does not only mean being aware of its environmental impact but also staying interesting for investors. Therefore, 25% of investors intend to make ESG investments by 2025. However, 30% of investors admit they still struggle to find attractive…
There are three consistent factors involved throughout the operations of most boards of directors: Boards are expected to have a firmer grasp on a broader scope of topics, such as: The impact of these various aspects necessitates the need for a corporate secretary industrious and diligent in carrying out their duties. In the article, we’ll…
63 million generation Z job seekers (those born as early as 1995) are poised to disrupt the workforce in the coming years. These workers are digital natives, not knowing a time when libraries and encyclopedias were necessary for research. As such, ‘Z’ is a generation that differs more from its predecessors than any others in history….
Erasing the “Buzzword” Stigma Let’s get the elephant out of the room before going any further: Yes, the term “company culture” has become something of a buzzword. Too many organizations bandy the term about with reckless abandon. There isn’t much thought into what it means. It’s known to be something that executives are “supposed to…
As the old saying goes, time is money. Yet, when it comes to meetings in the workplace, the “time is money” mantra seems to get thrown out the window. Too often is it that unprepared speakers seemingly wing it and make the same points over and over again. It might seem unfair to call unproductive,…
Sometimes, working on a board of directors can give people an inflated sense of entitlement. In the television hit, Mad Men, Big Boss Roger Sterling says how “being the guy with his name on the door makes you feel like you can get away with everything.” This statement came after he acted untowardly towards the…
Boards of directors should be comprised of top performers with a knack for success. Well, that’s not just a statement that falls under the category of “incredibly obvious things to say.” Instead, it’s something board members ought to remind themselves of when it comes to filling vacancies on the board. Sometimes boards are caught off…
Diversity on a board of directors has so many benefits that it’s difficult to count. Still, when hearing statistics such as the fact that only 26% of seats are taken up by women on the S&P 500, it’s clear that diversity is still lacking on boards. Of course, ethically, it’s just not particularly sound only to be…