Employees are the largest non-financial drivers of success in a company, and that if leadership was attuned to their employee needs and the culture they have built, it would result in better performance. Bottom line, if they treated you better, they would be even more profitable.
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.
A recent court decision being hailed as the end of the multi-billion dollar Alien Tort Statute litigation industry is anything but, as plaintiffs' cross-hairs will simply shift from corporations to the individuals who serve them.
The governance operating system is based on an underlying assumption that employees act in their self-interest. This operating system worked perfectly fine for decades, until leaders began calling on employees for other things besides productivity.
Those who gravitate to management positions -- such as the people who appear before hearings to explain oil spills -- are not the brightest, but usually the middle third in university classes, the "people" persons and power strivers.
Individual companies can do little about threats like China's "currency manipulation." But individual CEOs can lead by seriously making a commitment to regard layoffs as the last strategy before bankruptcy.