The time-honored expectation that corporate leaders reflect a proper “tone at the top” is undergoing a transformation, courtesy of the pandemic and its spillover effect on the economy and its stakeholders. The need for these leaders to project a commitment to ethics and integrity is discreetly giving way to the need for them to project an aura of competence, confidence and compassion. It is a transformation that the board and executive management might consider embracing - now rather than later.
S&P Global today announced that it has named Dan Draper as CEO of S&P Dow Jones Indices effective June 15, 2020. He will replace Alexander Matturri who is retiring after 13 years of leading the index business.
Diversity introduces fresh perspectives and challenges old thinking. Learn how to create a diverse board of directors for your business, and find out how it can improve your bottom line.
We are living in a new reality. The global COVID-19 virus is redefining words like disruption, economic and personal survival. Questions are now being raised in the United States about the ability for healthcare systems to respond to the population’s healthcare needs. The challenges that are being raised every day to our supply chain and fundamental economic realities are creating historical stress.
There’s a lot of discussion these days about preparedness. Preparedness for the pandemic, preparedness for the recession, preparedness for the unknown and the unthinkable. And there’s a lot of discussion about blame as well. They should have seen it coming, they should have seen the signs, they should have had a plan.
Corporate boards are evolving—their look and feel are different. With rule changes like the ones in California, 2020 could be a banner year, as a wave of new directors sourced from underrepresented women and minorities seek out and obtain seats on high-profile corporate boards.
Directors are digging into the risks and management response to the COVID-19 pandemic that has now taken root in the U.S. While new cases are dwindling in China, where the novel coronavirus originated, health officials say the worst is yet to come here. “Social distancing,” the practice of staying away from others, has hit Wall Street and Main Street hard in equal measure and the economic results will be far-reaching.
Temporary succession planning could become a more pressing issue in the coming weeks, as companies prepare for the possibility of executive absences related to the coronavirus pandemic, governance experts say. Finance chiefs, long seen as a steady hand within an organization, are likely contenders to temporarily fill a chief executive or chairman post if needed.
Corporate directors, after spending weeks in crisis mode, have begun to plan for the long-term fallout from the coronavirus pandemic on their operations.
The role of the corporate director and the responsibilities of the board have never been more challenging — yet vital in creating and protecting the companies and stakeholders that corporate directors serve.