Over the past two years, my colleagues and I, at Executive Advisory and the University of Chicago, have conducted research that has demonstrated that diversity is a crucial business tool in achieving corporate success. Corporate leaders have reviewed our research positively and, as outlined below, are taking bold actions to create more diverse […]
The NYSE Refrains From Adopting Diversity Requirements
NYSE Diversity for Listed Companies On August 6th, 2021, The U.S. Securities and Exchange Commission approved the rule changes proposed by the Nasdaq Stock Market regarding board diversity. The rule stipulates that the boards of Nasdaq-listed companies must have one director who identifies as female and another who is a member of an underrepresented minority […]
U.S. Stock Exchange Sets Diversity Rules
SEC Diversity Requirements For the past several years, increasing board diversity has been a pressing item for public companies—and not without good reason. In 2018, a Boston Consulting Group study found that companies, with diverse leadership, had higher revenues from new products and services (an indicator of successful innovation) as well as higher EBIT margins. […]
Do I qualify to be on a Board of Directors
Boards of directors used to be almost entirely composed of former Chief Executive Officers and other C-Suite executives. This has changed over the years—in 2018, 65% of new board directors were not part of the C-Suite, Egon Zehnder reports. However, this does not mean that the skills and experience necessary to become a board director […]
Boards and Cybersecurity
In May of 2021, Colonial Pipeline, the largest pipeline system for refined oil products in the United States, was targeted by a yet untraced hacker group. The firm’s billing system and internal business network were both compromised, causing a shortage of gas on the east coast. Eventually, Colonial Pipeline paid the hackers a ransom of […]
What Boards Need to Know About Employees Returning to Work
When the COVID-19 pandemic first broke out in March 2020, millions of workers were forced to relocate their workplaces to their bedrooms, living rooms and kitchens. Fifteen months later, as mask mandates and other restrictions loosen amidst the vaccination of adult Americans, companies are faced with the task of transitioning their workers back to the […]
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