Why are business leaders –even those who consider themselves of high integrity--prone to ethical missteps? What can organizations do to protect themselves from possible lapses? And don’t kid yourself by thinking, “It can’t happen to me.”
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.
“Tone at the top” is a term often used to describe how an organization’s leadership creates an environment that fosters ethical and responsible business behavior. While tone at the top is important and a vital foundation, is it enough?
High level hires can backfire as in the case of Yahoo’s Scott Thompson but using the three tools cited here, an executive hire should never blow up in your face.
Over the last 20 years, employment practice claims have become pervasive. From gender, race and disability discrimination to whistleblower cases, now more than ever, directors and officers must have a plan and a policy that protects them from personal liability.
Research shows firms may benefit from limited retention because former CEOs possess unique monitoring and advising abilities, but the former CEO could also exploit available decision rights for personal benefit—and at the expense of his successor.
A noted entrepreneur and a former U.S. Attorney General illuminate a growing problem facing business leaders and advance several possible solutions.
Amidst the buzz over the fifth anniversary of the Sarbanes-Oxley Act (SOX) and its mixed success as perceived by regulators, business and the media,...
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