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The Unintended Consequences of a Data Breach

behind the scenes of a data breach

With the internet and digital technologies growing at a rate faster than a speeding bullet, there are more chances than ever for boards to accomplish incredible feats. There’s software, apps, social media, and an array of tech-forward instruments that can take organizations to new heights. However, just as much as these new technologies can work…

Comparing Shareholder and Stakeholder Models of Corporate Governance

stakeholder and shareholder in boardroom

There are two distinct, conflicting models involved in corporate governance. One is the stakeholder model, while the other is the shareholder model. Below, we’re going to examine both and assess their various pros and cons—then decide which model is the better choice for organizations. What is the Stakeholder Model (Stakeholder Theory)? It should come as…

Why is Corporate Secretary Succession Planning Crucial to Your Board?

succession planning

Any board member is well aware of the value brought to the table by their corporate secretary. It takes a rare kind of person with a versatile, finely tuned skill set to handle the always-in-flux moving parts of the role. Included in that list of attributes are highly sought-after traits such as being immaculately organized,…

Should Your Organization Divide its CEO and Chairman Roles?

separating the CEO and chairman

Chief Executive Officers who are also the chairman of their board are becoming an increasing rarity. In fact, according to the Wallstreet Journal, the percentage of S&P 500 CEOs serving in the dual role has diminished to an all-time low of 45.6%, as of 2018. Not only is that a historically low number, but it also…

The Benefits of Independent Directors

independent director

Before delving deep into the benefits of having an independent director on any given board, let’s define the term. For a director to be independent, they can’t be a company employee or shareholder. Nor can they be a family member of another director. Mostly, they’re someone that’s brought in from the outside, who possesses a…

How Government Leaders Can Be Effective in 2020

local leaders

It should come as no surprise that the responsibilities of any local government are vast, demanding, and continually growing. There isn’t a day that goes by where there aren’t (collectively) thousands of tasks, initiatives, services, and campaigns that require some level of focus. Furthermore, local government leaders don’t have much room for error, as they’re…

How to Create an Environmental, Social, and Governance (ESG) Plan

esg

Environmental, social, and governance (ESG) are currently playing a significant role on boards in almost every industry. In today’s climate, each board of directors must possess a full grasp of what kind of impact their organization has on society and the environment. For further context, environmental criteria are based on how organizations perform as a…

Why You Shouldn’t Build Your Own Board Portal

custom board portal

There’s no arguing with the idea that boards of directors need portals for a multitude of reasons. Namely, it’s a way to keep board members informed, accountable, and prepared for meetings. Portals ensure all the necessary notifications and vital research is compiled in one place. Furthermore, portals streamline various activities such as voting, recording meeting…

The Evolving Role of the Corporate Secretary

corporate secretary

There are three consistent factors involved throughout the operations of most boards of directors: Institutional investors necessitate increased engagement There’s a growing emphasis centered around corporate sustainability Boards are expected to have a firmer grasp on a broader scope of topics, such as: Cybersecurity Human capital Company culture The impact of these various aspects necessitates…

Ways to Increase Employee Happiness from the Board

employee happiness

Any board member reading this blog needs to be honest with themselves. There’s been a historical gulf separating a board of directors from its team of employees. After all, the board calls the shots. And in generations past, boards’ attitudes were rooted in the idea that employee input and satisfaction were irrelevant. All that mattered…