Clayton Christensen, the author of the ground-breaking book “The Innovator’s Dilemma,” died recently at the age of 67. Thanks in part to him, almost no one thinks that companies are future-proof anymore.
Corporate boards must guide the CEO’s professional development and performance. Doing so is at the heart of the board’s stewardship role and critical to strategy-setting and execution.
Equifax became the poster child for cybersecurity disasters when hackers breached its systems in 2017, exposing the Social Security numbers of 146 million people, about half the U.S. population. Not only did its CEO and senior executives lose their jobs, the company paid a settlement with multiple agencies as high as $700 million.
Accounting missteps can reverberate throughout an organization. Mike Shmerling, chairman of Clearbrook Holdings, and Tony Klaich, Managing Partner at Crowe, discuss ways senior leadership can prevent mayhem.
Kison Patel, the CEO of software company DealRoom, remembers working for a private equity firm trying to do a deal not long ago. His firm bombarded the target company with requests for information — including repetitive requests for the same information, often in Excel spreadsheets. Eventually, the seller got fed up and walked away.
Is the United States ready for “private techquity”? That’s the name a consulting company gave to the adoption of technology in private equity, including machine learning and data-heavy databases.
Companies have embraced diversity as a way to enhance dialogue, broaden thinking, better represent customer perspectives and drive innovation.
In August, the Business Roundtable redefined the purpose of the corporation to include a commitment to all stakeholders, not just shareholders. Will companies start paying C-suite executives based on how happy the employees are? Will they get annual bonuses if the company tops the list of Consumer Reports?
Two companies in the limelight recently for awarding huge pay packages illustrate some of the problems with governance more than they illustrate problems with pay.
It can be challenging to be a CISO, or chief information security officer. Few people inside the organization understand what they do, but still place an enormous amount of pressure on them to safeguard the organization.