Improved operating performance, advance intelligence on emerging trends, higher valuation, right tone at the top, and expansion into new products and services are typical goals for privately held companies. Well defined governance oversight from private company directors can assist business owners reach these goals.
Conceding, in effect, implementation problems with the Affordable Care Act, the Obama administration is delaying enforcement of a key provision of the new health-care law that requires large employers to provide coverage for workers or pay a penalty in 2014, the biggest revision so far to the federal health-care overhaul. The knock-on effects for business may prove significant.
According to recently released 2012 Department of Labor data the rate of unionization -- the percentage of American workers belonging to unions -- declined faster under President Obama’s first term than during two terms of President George W. Bush. Diana Furchtgott-Roth, former chief economist at the U.S. Department of Labor and senior fellow at The Manhattan Institute for Policy Research, argues that the President’s own anti-business policies are largely to blame. This is not as counterintuitive as it sounds.
“Chauffer-driven limousines, millions in stock options, golden parachutes. It’s no wonder bosses’ pay and perks can rankle,” write Ray Fisman and Tim Sullivan of The Wall Street Journal. The writers argue that “many CEOs are overpaid—or even paid for incompetence, but you can only appreciate good performance once you understand what a leader does.” But is this a balanced understanding of where CEOs are in terms of the reality on the ground?
Editor’s note: To analyze the value of so-called corporate social responsibility, Ethical Chic –from which the following is excerpted--takes an in-depth look at six companies known for CSR qualities—deservedly or not: American Apparel, Apple, Starbucks, Timberland, Tom’s of Maine, and Trader Joe’s.
While use of company aircraft is a common perk for many CEOs, a noted governance expert suggests that a formal policy for its use is the best way to protect the company and the CEO from unwanted shareholder lawsuits.
Since the 1990s, numerous studies have shown that 40% to 60% of strategic alliances do not meet CEO and senior executives’ expectations, despite the widespread sharing of best practices for leading and managing them....
Michigan Republican Gov. Rick Snyder and a Republican-dominated legislature have pulled off a breathtaking political move and made Michigan the 24th right-to-work state. But it remains unclear what difference this will make over the long term for the state – and whether it will boost Michigan’s lowly 46th place in Chief Executive’s annual survey of CEO perception of the Best and Worst States in which to do business.