Corporate boards face serious challenges – business disruption from the pandemic and a slowing global economy. Directors have to focus on these two issues for at least the next 12 months. But the issue plate contains other significant risks. Three out of five directors have identified cybersecurity as a significant risk along with the current crisis climate. The impact from a cyber-event is significant and...
It is perhaps fitting that we are coming up on the one-year anniversary of the Business Roundtable’s Restatement of Corporate Purposes, which was signed by 181 corporate leaders and widely-praised for its expansion of corporate ethics and values. But I am sorry to say that not much has really changed. Some of this lack of action could be excused by the COVID-19 crisis and the...
In today’s aggressive enforcement environment, corporate board members have a target on their respective backs. Even with robust liability insurance, corporate boards are operating in a state of “ignorance is bliss.” Chief compliance officers face enormous challenges, and perhaps their greatest challenge is enlisting and securing the support of the corporate board. We often hear about happy-talk about senior management and board support – but...
