Directors have a fiduciary duty to shareholders to act with due care and in good faith. A fiduciary has a high standard of care that requires that informed decisions be made honesty and fairly.
The most important thing a board does is to hire and fire the president. If the board cannot rely on the president, if it feels it needs to run the college, it should get a new president.
An active board filled with diverse skillsets can save an entrepreneur from himself.
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.
The JC Penney board is out of touch with the company and its customer base. They don't understand the basic nature of the problem the company confronts. Will the board use this most recent crisis to reevaluate its understanding of the situation, or give itself a pass, concluding that the last hire "just didn't work out"?
Latinos are the fastest growing purchasing bloc in the United States. The Selig Center for Economic Growth estimates that the Latino community is pro...
Investment giant Morgan Stanley is offering clients a new portfolio option that will only invest in companies with at least three female directors, in...
Marissa Mayer may end up becoming a successful CEO; however, in the best interest of all the key constituent groups, wouldn't it have been more prudent for the Yahoo! Board to have hired a CEO who had already navigated these turbulent waters?
These days more middle market companies are utilizing a new type of supertemp without adding to overhead. While interim management is not yet a household phrase, some companies are already getting the best of both worlds: temporary and expert.
What is the next thing to think about? You have to decide to whom the council is advisory. For example, if it is a technology advisory council, does it advise the chief technology officer, or his/her boss, or the CEO and managing directors?
The board of JPMorgan Chase took a bold step last week when it slashed CEO Jamie Dimon's bonus in half. Could this action signal a new opening to the dialogue about executive pay?
The fraud and corruption continues to grow. What should boards do? Six things.
For those of us who work in technology for social good, LinkedIn Board Connect also represents one more thing: a rich opportunity to see how the "reverse match" concept of volunteer engagement can play out in a community that's already at scale.
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.
The boards at Penn State and the University of Virginia are the most recent prominent examples demonstrating why we can't trust boards. But plenty of other institutions have proved time and again that they can't hold their institution's finances or programs accountable.
Apparently sexism in the workplace doesn't only hurt careers. It also hurts bottom lines. That's because public companies with female board members...
When we have a great board, it makes the mission (whether it is making great products, providing outstanding services, curing AIDS, or ending malaria in Africa) easier to achieve. So how can a CEO use his/her board members to maximize the enterprise's success?
Shareholder proxy access is one of the most hotly debated topics in all of business law. Who's right? We can gain some insight from our recent on-and-off experience with comprehensive proxy access.
Long derided as "corporate raiders" only interested in making a fast buck often to the long-term detriment of their target companies, some recent successful activist investor campaigns have done much to rightfully disprove this long-held misconception.
The very recently developed "Benefit Corporation" combines the capital-raising potential of the for-profit corporation and an obligation to demonstrate social performance.
I'm letting you off the hook for New Year career resolutions and I give you permission to take small and purposeful steps towards a career that will bring you happiness.
While shareholders are the owners of a corporation, in everyday actions the board of directors and officers manage the business. If a shareholder disa...
If you do have the misfortune to need to fire a CEO, at least make that a well-managed, dignified, confidential process.
I think the most exciting and important development is that there is greater public awareness of corporate governance and boards, which is vital. It's no longer a black box, or a mysterious room.
In large companies, a board of directors is essential. They’re there to inspire, provide feedback and ultimately decide where money should be invest...
