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…
Anybody who’s part of a real estate board of directors knows their role pulls them in approximately a million different places at once. First and foremost, they must worry about having the know-how and expertise to invest in valuable properties. Meaning, they require a firm grasp on real estate trends as they form. Furthermore, they…
Healthcare is an industry where the stakes are high. Anybody on a board of directors will be charged with crucial decisions that can impact the overall well-being of patients. These decisions are responsible for saving lives. Deciding how to run hospitals and medical practices have many facets and moving parts. Trying to do so without…
There are two distinct, conflicting models involved in corporate governance. One is the stakeholder model, while the other is the shareholder model. Below, we’re going to examine both and assess their various pros and cons—then decide which model is the better choice for organizations. What is the Stakeholder Model (Stakeholder Theory)? It should come as…
Any board member is well aware of the value brought to the table by their corporate secretary. It takes a rare kind of person with a versatile, finely tuned skill set to handle the always-in-flux moving parts of the role. Included in that list of attributes are highly sought-after traits such as being immaculately organized,…
Chief Executive Officers who are also the chairman of their board are becoming an increasing rarity. In fact, according to the Wallstreet Journal, the percentage of S&P 500 CEOs serving in the dual role has diminished to an all-time low of 45.6%, as of 2018. Not only is that a historically low number, but it also…
Before delving deep into the benefits of having an independent director on any given board, let’s define the term. For a director to be independent, they can’t be a company employee or shareholder. Nor can they be a family member of another director. Mostly, they’re someone that’s brought in from the outside, who possesses a…
It should come as no surprise that the responsibilities of any local government are vast, demanding, and continually growing. There isn’t a day that goes by where there aren’t (collectively) thousands of tasks, initiatives, services, and campaigns that require some level of focus. Furthermore, local government leaders don’t have much room for error, as they’re…
There are three consistent factors involved throughout the operations of most boards of directors: Institutional investors necessitate increased engagement There’s a growing emphasis centered around corporate sustainability Boards are expected to have a firmer grasp on a broader scope of topics, such as: Cybersecurity Human capital Company culture The impact of these various aspects necessitates…
It’s all too common that an education board can fail to function like regular businesses. Sure, colleges and universities – for instance – have historically monopolized the education industry. Now, however, the landscape is changing—and online learning platforms are providing genuine competition. Plus, the younger population is now hesitant to take on student loans (if…