Clarke Murphy is the Chief Executive Officer of Russell Reynolds Associates and serves on the Board of Directors. Clarke has conducted a number of significant projects in the industry, including Board of Director searches for Wells Fargo, UnitedHealth Group, and MSCI, and CEO assignments for MasterCard, Genworth, ARAMARK, and Duke Energy, among others.
Millennials in the C-suite is becoming a reality, since the oldest millennials will turn 35 this year. As demographics shift profoundly, we need to step back and ask the broader question: What kind of C-suite leaders will millennials be?
When organizations think about risk, perhaps the most worrisome are those that can’t be anticipated. Boards expend tremendous effort in eliminating or at least minimizing their blind spots; that search for better information and awareness can be all-consuming.
Shareholder activism has been on the rise for several years and is now at record levels. In this environment, boards must engage with activists through positive dialogue that addresses legitimate concerns, rather than with a defensive reflex reaction. In addition, forward-thinking companies should also re-evaluate and refresh their boards.
A survey of 300+ CEOs conducted in early May shows declining confidence in business conditions, even as economy reopens in many parts of the country and around the world. But there could be a silver lining.