I have also seen boards bring in both buy-side and sell-side analysts to talk about how they value the company or where they see opportunities. The ultimate job of the board is to represent the shareholders, so having that shareholder perspective is invaluable, not only to the boa...
Upon entering the workforce amid the 2008 global financial crisis, many millennials observed firsthand the weakening of the social contract as corporate scandals stripped workers of their pensions and companies cut jobs or closed their doors, leaving workers and their families financiall...
Krol added, “at Tyco I was involved nearly every day for a year during the crisis, either at a company location or on the phone.” (Krol was referring to Tyco’s 2002 financial woes, which were compounded by accounting scandals involving its former CEO L. Dennis Kozlowski.) Indeed, ...
As climate change accelerates, OEMs are using applied AI to identify environmental, social, and governance risks along the supply chain. For instance, algorithms can analyze news items about suppliers to identify potential problems, such as a history of pollution o...
Coming of age amid the global financial crisis, they have also observed firsthand the weakening of the social contract as corporate scandals stripped workers of their pensions and companies cut costs or closed their doors, leaving committed workers and their families financially vulnerable. This...
Sandra Sancier-Sultan:The financial-services sector has weathered many scandals and crises in recent years. Like many banks, Société Générale has faced challenges. When we spoke with you a decade ago, you talked of remaining calm as a leade...
Strong signs of shareholder activism have come in the wake of the many corporate scandals in the United States and Europe over the past few years. Once treated by management as a minor annoyance, activist investors are now increasingly central in the push for corporate-governance reform. In t...
1 In other words, every second company was struck at least once, and some more frequently, by a severe risk event. Such events are thus a reality that management must deal with rather than an unlikely "tail event." Directors confirm this view. A 2002 survey by McKinsey and the newsletter...
One is to improve the quality and the integrity of academic research, and this has become acute given some recent fraud scandals. The other is to increase the transfer of knowledge from academia to downstream commercialization. To improve the quality and integrity of academic research, we must ...
structure, the tone set by top management, the consistency of formal risk governance with actual behavior, and the approach used to discover and balance risk issues and conflicts throughout the organization (such as P&L performance targets and adherence to a company’s...