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Governance/Compliance

Boards: Choose a CEO for Long-Term Growth, Not Just a Turnaround

It seems a familiar story these days—a company on rocky ground for a few quarters suddenly finds itself rudderless as the chief executive is let go or departs for greener pastures. In the resulting vacuum, the pressure to make an immediate hire can be intense. But companies are well served to think carefully about whether they truly need a "corporate savior" who can devise and carry out a turnaround strategy in short order, or whether a long-term leader is better suited to lead the company back to market success.

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3 Ways a CEO Can Stop Activist Investors Before They Attack

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No company, regardless of size, profitability or cash stockpile, is immune from an activist investor attack. Power players like Apple, Pepsi, Microsoft and Netflix with tons of cash and generous dividends that outperform their peers have successfully been attacked and forced to change course. Proctor & Gamble’s attacker owned less than 1% of the firm and orchestrated an event that ousted the CEO and forced a change in corporate strategy.

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What You Need to Know Before Accepting a Position as a Nonprofit Board Member

You've been asked to serve on the board of a nonprofit organization. Should you accept? Membership on a nonprofit board is a rewarding experience for many CEOs whose skills and experience running a company make them especially valuable to the organizations they serve. CEOs should, however, conduct due diligence regarding the organization and understand the duties of board membership prior to accepting a board seat.

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Data Security: A Board Responsibility?

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In 2014 alone, there were nearly 800 identified data breaches involving over 85 million records, according to the Identity Theft Resource Center Data Breach Reports. Regulatory officials have rushed to propose cyber security guidelines and adopt cyber security requirements. In addition, multiple lawsuits have been filed alleging that board misconduct significantly contributed to the financial fallout from compromised company data.

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