One of the ways (theoretically) in which businesses are held accountable by the public, or at least those with stock portfolios, is through shareholder activism. However, in practice, shareholder activism can actually be a case of a disease being used to cure an illness.
The private sector should be held to the same standard of scrutiny that the government itself receives from the people, and corporate governance should be as much a matter of public debate and law as political governance.
The high pay for those at the top does not come out of the air; it comes from everyone else's paycheck. There is no single policy that would reverse this enormous upward redistribution of income, but reining in CEO pay has to be an important part of the story.
Whatever the reasons, it remains difficult for many talented women to get a seat at the top table. It's now time to move from the "why" to the "how" and shift gears if we want to prosper and continue to grow.
We still have a lot to learn about how to create long-lasting, cross-cutting, highly effective collaborations. New models are being devised and tested every day. But there's no doubt that collaboration will be key to the future survival and success of humankind.
It is time we un-blurred the lines between government and business. If human rights and the ideal of equality and justice for all is the chief mandate of good government, it cannot allow the influence of industrial chiefs to favor their economic interests.
Cerberus Capital's decision to sell its stake in the Freedom Group, maker of the gun used in the Newtown shootings, is being widely applauded. But divestment is exactly the wrong outcome: Running away from the problem doesn't solve it.
I worked with a number of boards and board chairs over the summer, and here are the things on their minds and the things they'll be grappling with this autumn, above and beyond the usual business of the year.
Advice from hedge fund and private equity managers can resonate with all market players, whether investors, institutions, large or mid-size companies and small business. Here are five tips that can be applied to small business
Mention the term "impact investing" at a social enterprise gathering and eyes widen and enthusiastic words flow. Mention "corporate governance" and it's likely that those same eyes will glaze over. But good governance matters. It's what enables impact investments to work.
Policies embody the essence of what a company stands for. For each policy there is a corporate commitment and a set of policy expectations. Everyone in the company, throughout the world, is expected to live by these. No exceptions.
Companies, like 3M and Google, that allow employees to carve off a certain percentage of their paid time for innovation are rare. Most other firms want their people to stay focused on today's business -- and only work on innovation in their spare time.
What does it mean to get compensation right? And why does it matter so much? Getting it right is called "fair and reasonable" by the IRS. It's what the law requires, it's what any CEO wants, and it's what any donor and member of the public expects.
By sixteen I could have been the poster child for a crisis nursery, domestic violence shelter, and rape crisis center. On the positive side, however, I grew up in a neighborhood with friends from many countries, religions, and races.