For all the hype about ESG, board accountability, stakeholder demands for diversity and inclusion, a recent report on board diversity shows little change.  That is not surprising.  The forces of resistance to change are particularly strong, especially when directed at corporate boards.  What is surprising is how resistance clings to practices that directly undermine efficiency and financial profitability.  Board diversity improves governance performance and that...

Chief compliance officers are creative professionals.  This is one of many areas of expertise.  But when it comes to corporate politics, many CCOs know how to package and promote their mission. CCOs faced real constraints and challenges during the pandemic. CCOs were challenged as to why compliance was an important function to preserve in the time of a pandemic which threatened many companies’ very existence. ...

Corporate governance sometimes is the subject of “fads,” or initiatives that gain traction with dubious evidence-based justifications.  Sometimes companies engage new theories or strategies because they “sound good,” or give corporate leaders a way to avoid or mollify tackling hard issues or difficult tasks. Corporations are quickly embracing Environmental, Social and Governance (ESG) issues.  Whether this is “right” or the most effective use of corporate...