Elizabeth Warren’s Corporate Governance Bill & Bcorps’ Rise; Diverse Directors to Watch


August 20, 2018
Are you subscribed to our FREE newsletter? Sign up now!

Corporate benefits


THE B ECONOMY: How benefit corporations benefit society, not just the bottom line

By Frederick Alexander

This week, U.S. Senator Elizabeth Warren dropped a bombshell piece of legislation that would require every company with more than $1 billion in revenue or 5,000 employees to become a “benefit corporation.” Some called the legislation brilliant; others labeled it Marxist.

It is remarkable how closely the benefit corporation idea in her bill tracks legislation supported by Republicans around the country. Thirty of the 34 legislatures that adopted a benefit corporation option did so unanimously. The laws were signed by 16 Republican governors including Mike Pence, Nikki Haley, Sam Brownback, Scott Walker and Jan Brewer. Libertarian Senator Rand Paul endorsed the benefit corporation in 2014.

Why has corporate law reform become a bipartisan issue? The answer lies in the importance of the corporate firm to a successful capitalist society; and as that society evolves, corporate laws must adapt.

Directors & Boards Director Education Webinar Series

What Directors Need to Know Before Joining a Private Board
How to Navigate an Unexpected Board Director Departure

The When and Why of Refreshing Your Board

After the Election: Executive Comp, Audit, Risk and Governance Issues

Director Data


Top Directors

Directors to Watch: Progress of diversity in the boardroom continues to drive debate

By Scott Chase

In a survey of more than 4,000 directors that WCD conducted with Spencer Stuart and researchers from Harvard Business
School, male directors cited a “lack of qualified female candidates” as the reason for low diversity, while female directors
assigned cause to entrenched “traditional non-diverse networks.”

Directors & Boards offers its annual "Directors to Watch" listing of some of the top board members in corporate governance.



Musk’s Tweet Fallout & the Board: Is there unrest in Tesla’s boardroom?

A day after Elon Musk tweeted about possibly taking Tesla Inc. private, a subset of the electric car company’s board released a statement confirming they had discussed the option and are now evaluating it.

The mass media took that as a sign the board was behind Tesla’s unconventional CEO, as this USA Today headline blared:

Tesla board endorses CEO Elon Musk's stunning plan to consider going private

But it could actually be a sign that not everyone’s on the same page in the Tesla boardroom, and that Musk — who holds both the CEO and chairman titles despite a recent shareholder vote over whether he should abdicate the chair role — is wielding too much power, maintains Michelle Lowry, a professor of finance for the LeBow School of Business at Drexel University, and the academic director of corporate governance at the Gupta Governance Institute at the university.

Are you subscribed to our FREE newsletter? Sign up now!
Current Issue
Article Archives
Publisher: Robert H. Rock
Editor/Publishing Director: David Shaw
Executive Editor/Digital Director: Eve Tahmincioglu
Senior Editor: April Hall
Advertising Director: Scott Chase
Conference and Education Director:  Peter Begalla
Subscriptions: Barbara Wenger
Reprints/List Rentals: Jerri Smith
1845 Walnut Street, Suite 900
Philadelphia, PA 19103
Tel: (800) 634-4464 or
(215) 567-3200
Fax: (215) 405-6078

Copyright © 2018 Directors & Boards Magazine
Directors & Boards Magazine
1845 Walnut Street
Suite 900
Philadelphia, PA 19103

Add us to your address book


Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list

You are receiving this email because you opted in at our website.

This message was sent to dshaw@directorsandboards.com by dshaw@directorsandboards.com
1845 Walnut Street, Ste 900 , Philadelphia, PA, 19103

Unsubscribe from all mailings Unsubscribe | Manage Subscription | Forward Email | Report Abuse