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Directors & Boards
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What Directors Need to Know about Board Evaluations, Part Two:
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 September 18, 2014





Board Evaluations:
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What to Do and How to Do It:
Fiduciary Responsibilities of the Board in Managing Investigations and Potential Crises

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Tuesday June 3, 2014




Boardroom Leadership: Highly Effective Directors Building Long-Term Shareowner Value

Originally broadcast
Tuesday May 13, 2014




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Featured Article

Directors to Watch 2014

Edited by Scott Chase



Activism, as many directors have discovered, comes in many different varieties. For some, aggressive shareholders disrupting annual meetings, pushing inconvenient votes, or requesting sensitive information are at the perigee of one-share-or-more owner empowerment. For others, activism in the digital age has taken a different form, with agitators sometimes having no stake whatsoever in the targeted company itself, but rather in an ideal or a cause that affects the boardroom and often the company’s reputation.
             
Boards that pay lip service to the concept of gender diversity but take no easily discernible action to achieve it have come under the microscope of groups that seek to drive inclusion. Such is the case with Monster Beverage Corporation, which earlier this year was criticized for recommending a vote against a board diversity proposal. The 2020 Challenge, “a national campaign to increase the percentage of women on U.S. company boards to 20% or greater by the year 2020,” authored by 2020 Women on Boards, led the charge on this effort, demanding that the company “comply with California Resolution 62 and add at least two women” to its board. While denouncing the energy drink bottler, 2020 Challenge at the same time showered kudos on the boards of PepsiCo, Inc. (36% women), Dr. Pepper Snapple Group, Inc. (33% women), and Coca-Cola Company (24% women).
             
Board and CEO search firm Heidrick & Struggles two months ago released the results of research on gender diversity that The Washington Post opined blended good news with bad. Here’s the good news: Bonnie Gwin, vice chairman and managing partner of the executive recruiter’s North American board practice and frequent contributor to Directors & Boards, said, “Corporations are bringing women onto their boards of directors in increasing numbers. That will result in greater diversity of thinking and, ultimately, better governance and wider-ranging strategic insights.”
             
And here’s the bad: Despite a greater appreciation for the benefits of diverse insight, research by Gwin’s team shows that current rates of movement on corporate board composition indicate that women will hold half of Fortune 500 board seats for the first time 28 years from now in 2042. But, Gwin, noted, there are a number of fairly recent developments that could accelerate this march.
             
Sure to be part of the process will be groups like Diversity in the Boardroom, WomenCorporateDirectors, Boardroom Bound, and dedicated executives and professionals like the ones profiled below in Directors & Boards’ ninth annual class of Directors to Watch.

Download a pdf of the entire Directors to Watch article.

Read More…

In the Current Issue:

Annual Report 2014 cover

Annual Report 2014

 

The Year in Review
A month-by-month timeline of year 2013 and the people, companies, organizations, and initiatives that generated notable corporate governance developments.

Governing the Controlled Corporation
The best reason to invest in companies? It's not their voting system. Interview with William P. Lauder, Executive Chairman, The Estee Lauder Companies Inc.

Directors to Watch
The class of 2014 brings into the boardroom a heightened sense of risk and responsibility.

In This Month's e-Briefing:
(Sign up for a free subscription)

Comings and Goings
Of Murray and Warren . . . and someone else very special.


By Jim Kristie

September is my anniversary month with Directors & Boards. I mark the start of my 34th year as editor this month.

Two of the earliest authors I edited were Murray Weidenbaum and Warren Bennis. Both have passed away this year: Weidenbaum on March 20 and Bennis on July 31.

I met Murray shortly after he stepped down in 1982 as Chairman of the Council of Economic Advisers in President Reagan’s first administration. He was passing through Philadelphia and we had breakfast at the Union League Club.

This was the start of a productive relationship that resulted in his writing over a half-dozen keenly observed articles for Directors & Boards on topics ranging from corporate board leadership to global trade policy to what CEOs can learn from the management style of Ronald Reagan. That latter article was a highlight of the 30th anniversary issue of Directors & Boards in 2006.

I jumped right into a relationship with Warren Bennis as soon as I arrived here in 1981. Renowned even back then as a scholar of leadership, he was conducting a series of interviews with corporate leaders and sharing them with Directors & Boards before they went into his books, of which he was to write more than 30.

What a pleasure this was for an editor — to craft Warren’s interview transcripts into stimulating Q&A articles. His interview with Peter Drucker, which we titled “The Invention of Management” and published in 1982, is a must read for Drucker devotees, business historians, and anyone seeking to understand how modern management came into being after World War II.

In tribute to these two individuals who contributed so importantly to the advancement of thought leadership in corporate governance, we bring you passages from their Directors & Boards articles in this month’s e-Briefing.

There has been another passing this year that was meaningful to me — as a son as well as an editor. My mother died on July 26. I was known to quip that the only person who read my editor’s page in Directors & Boards was my mother. That would always get a laugh from whomever I told it to, but also a knowing nod. Mothers, after all, do special kinds of things for their children, and reading her son’s “Editor’s Note” in each issue — not just reading but commenting on it, too! — was one of those special things. I will miss her as a Mom and as a close reader.

So this month catches me in a reflective mood as I think about comings and goings. I hope you had a good summer and are ready to capitalize on what the balance of the year will bring.


As always, I welcome your comments
at jkristie@directorsandboards.com.

Click here for a permalink to Jim's article.


Click the link below to read more.

Read more...

PLUS:

• Being a Leader:  It's Not Just About Golf

• A father's Lessons

View Past E-Briefings

Events of Interest to Directors


September 3-4, 2014
WomenCorporateDirectors (WCD) will hold its 2014 Asia Institute at the Ritz-Carlton Millenia Hotel, Singapore. The event will be a historic gathering of more than 100 women directors from all over Asia and around the world, and will be a high-powered idea forum exploring compelling issues on the minds of today’s Asian directors. The program will frame critical topics, discuss innovative ideas, and help directors to reach constructive solutions. This forum will consist of keynotes, "Conversations With" CEOs of global companies, panels, and roundtable discussion groups. Participation in the WCD 2014 Asia Institute is by invitation only for WCD members and invited women directors. If you have suggestions for women directors to invite to the Asia Institute, please send their professional bio, highlighting their board of director experience to info@womencorporatedirectors.com.

September 24-25, 2014
The Ethisphere Institute and Thomson Reuters will host the 1st Annual Europe Ethics Summit in London. Key topics include: Anti-Corruption Trends Across Europe; Human Rights - Corporate Responsibility in Protecting People and Managing Risk; Government Panel - Collaborative Enforcement Across the EU; plus a range of breakout sessions tailored to address specific interests. Key leaders of government agencies and global companies will speak, including Emmanuel Lulin, chief ethics office of L’Oreal; Sir Mark Moody-Stuart, chairman (founder), Royal Dutch Shell; and Pamela Passman, CEO of the Center for Responsible Enterprise and Trade. For more information click here.

See all events.


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