Compliance departments have been trying for years to get company leadership to understand that their work goes beyond box checking and has much deeper benefits. It’s time for CEOs and boards to start hearing them.
BDO spoke to 280 directors about managing a work force during the crisis. A summary of their advice.
Fred Davidson was stifling in the unbearable heat that midsummer’s day in 2002. Temperatures in the corrugated steel warehouse late that evening hovered around 100
For Equifax to turn things around and get back on solid footing with consumers and investors alike, the board will be forced to act in a way that governing bodies usually do not.
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.
A rising level of shareholder activism is driving changes in board oversight at corporations of all sizes around the country, according to governance experts.