What should the CEO expect
from a board member today?
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BY ROGER KENNY
The revolution in director independence of the past 20 years has positively advanced the impact of board directors at the expense of managements’ prerogatives, especially those of the chief executive officer.
Directors active in the 1990s were, I personally believe, more sensitive, respectful and supportive of the CEO, almost to a fault. One result of all the changes to make directors more independent has been some loss of sensitivity to the needs of the CEO, who has the job of running the company and keeping both the board and the investors happy. These are still daunting tasks.
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Directors & Boards' Director Education Webinar Series
What Directors Need to Know: Shareholder Communications and Staying Ahead of the Inevitable
July 27, 2016
Refreshing the Board: Age or Term Limits, Skillsets and the Hard Conversation
September 16, 2015
Directors to Watch 2015: The Making of Successful Women Directors
August 19, 2015
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Making Capitalism Sustainable: Three Steps for CEOs
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BY STEVE ODLAND
Today over half of Millennials claim to reject capitalism. Left unaddressed, public discontent and other challenges facing capitalism could reach a tipping point, resulting in damage to the system that has created the greatest level of freedom and prosperity the world has ever seen. Backlash could encourage governments to become even more directive, imposing greater controls through a stricter tax and regulatory environment that would diminish the ability of companies to effectively produce goods, services, and innovations that benefit all of society.
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Are You Future-Proofing Your Board Through Diversity?
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We’ve all heard the stories and read the articles about the importance of board diversity. Boards that are diverse make better decisions because they can better represent everyone who matters – that’s right, all stakeholders – including customers, employees, communities and shareholders. But for many companies public and private alike, questions remain about how to find such candidates and how to strategically place them. Some even think such candidates are elusive or non-existent. The reality is that couldn’t be further from the truth. Here are three things to consider when implementing diversity to make it a strategic move that generates valuable results.
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SAIS Global Conference on Women in the Boardroom
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SEPTEMBER, 7, 2016
The SAIS Global Conference on Women in the Boardroom brings together corporate CEOs, board chairs, institutional investors, venture capitalists, stock exchange executives, Congressional and government officials, international experts and the leaders of 23 business organizations to assess the progress being made to accelerate the selection of qualified women and minority directors to serve on publicly traded company boards. It will highlight successful initiatives and benchmark U.S. performance against other countries. McKinsey & Co will present the results of qualitative research on best practices among the top performing companies.
Click here to register for this event.
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Family Business Wealth Conference
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SEPTEMBER 21-23, 2016
There are many “wealth management” conferences out there, but they don’t focus on active family business/enterprise wealth preservation and growth. Family Business Wealth, from Family Business Magazine, is a different kind of wealth management conference, created by families for families, focused on real-world solutions to wealth management across generations, presented by family business executives and shareholders themselves.
This conference is ideal for: Family business CEOs/Chairs/CFOs, Family trust directors and executives, Family business shareholders, Family council leaders and members, and Family office leaders.
Click here for more information about this conference.
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CEO Compensation Declined in 2015, New Mercer Study Finds
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Mercer’s latest analysis of compensation for CEOs in the S&P 500 reveals that total direct compensation declined from a median of $10.6 million in 2014 to $10.3 million in 2015, according to a company press release.
This decrease – the first in at least five years – is primarily attributable to lower short-term incentives, which fell from $2.0 million in 2014 to $1.9 million in 2015, the smallest payout relative to target since 2011.
READ MORE >
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Percentage of Women in Most C-Suite Roles Lagging Comapred to Male Counterparts
A new analysis of the top 1,000 U.S. companies by revenue finds the percentage of women in most C-Suite positions is dramatically lower than their male counterparts. The study, by Korn Ferry (NYSE:KFY), the preeminent global people and organizational advisory firm, was conducted in June 2016 and examines the percentage of women by title and by industry.
The analysis found that across the most prominent C-Suite titles (CEO, CFO, CIO, CMO, CHRO) and several industries (consumer, energy, financial, life sciences, industrial, technology) an average of less than one quarter (24 percent) of the top leaders are women.
READ MORE >
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