Water is in Peril: What We Need to Know about SDG 6
June 18 | Jeff Hoffman, Program Director, Global CSR & Philanthropy Council and Corporate Social Responsibility Council, The Conference Board | Comments (0)
Water is a precious commodity, but it's in danger. The UN has cautioned that Sustainable Development Goal #6, which seeks to ensure the availability and sustainable management of water and sanitation for all by 2030, is not on track. Companies need to help not only manage their own water use and discharge, but to also be a catalyst for change.
On Governance: Goldilocks and the Three Sets of Minutes
June 12 | Robert Lamm, Shareholder, Gunster Law Firm, Senior Fellow, ESG Center | Comments (0)
Failing to have good meeting minutes can have serious adverse consequences. Aside from the potential liability and reputational damage associated with a failure to fulfill fiduciary obligations, transactions can be voided, and so on.
On Governance: More Bad News for Boards from the Director Compensation Litigation Front
June 04 | James D. C. Barrall, Senior Fellow in Residence, Lowell Milken Institute for Business Law and Policy, UCLA School of Law, Senior Fellow, ESG Center | Comments (0)
A Delaware court rejection of Goldman Sachs defendants’ motion to dismiss an excessive compensation claim by a shareholder serves as one more reminder that thoughtful companies should review and consider restructuring their director compensation plans.
The Detroit Renaissance—You Can Hear It Humming!
June 04 | Jeff Hoffman, Program Director, Global CSR & Philanthropy Council and Corporate Social Responsibility Council, The Conference Board | Comments (0)
Detroit's recovery is starting to gain ground, guided by, among other things, Detroit Future City (DFC), a 50-year vision for the city developed with input from more than 100,000 Detroiters. Companies have always been an important part of Detroit and they're critical to its recovery. Quicken Loans, JPMorgan Chase, and Ford are among several organizations that provide a model for corporate engagement in Detroit.
On Governance: Political Spending, Climate Change, Board Diversity Hot this Year
May 28 | Gary Larkin, Research Associate, Corporate Leadership, The Conference Board | Comments (0)
So far this proxy season, the Environmental, Social and Governance (ESG) issues of corporate political spending disclosure, climate change-related reports, and board diversity have taken center stage.
CEO Succession Planning: 7 Ways to Blow the Drill
May 22 | John Beeson, Senior Fellow, Human Capital, The Conference Board | Comments (0)
Why is it that so many companies are ill prepared for the departure of the incumbent CEO, especially if that’s the result of poor performance, ethical issues, death or incapacitation? This article describes seven typical miscues in CEO succession planning, along with suggestions for how improved practices can lead to the preferred outcome: selection of a new CEO who is equipped to address the company’s critical challenges and opportunities and who enjoys the support of the Board.
Pledging 1 Percent to Charity Made Easy For Companies
May 22 | Timothy J. McClimon, President, American Express Foundation | Comments (0)
If you were the founder or CEO of a start-up company or later-stage firm, would you be willing to pledge 1 percent of your equity to charity? Building a purpose-based company from the beginning can be difficult without cash or profit, but pledging 1 percent of your equity is a quick and easy way to get started. Pledge 1% is a global on-line movement that encourages and empowers companies of all sizes and stages to do just that.
On Governance: It’s Time Boards Ask Some Tough Questions About Risk Management Effectiveness
May 21 | Tim Leech, Managing Director, Global Services, Risk Oversight Inc. | Comments (0)
Good practice risk oversight due diligence guidance clearly says boards should ask about the effectiveness of risk management processes. Evidence suggests many boards have not been. Why not?
New 21 Percent Excise Tax on Nonprofit Executives: Does It Impact My Corporate Foundation?
May 15 | Lindsay Mason, Corporate Philanthropy Director, Council on Foundations | Comments (0)
As companies file their 2018 taxes, several corporate philanthropic leaders have contacted the Council on Foundations with concerns surrounding the new excise tax. As part of the Tax Cuts and Jobs Act of 2017, Section 4960 of the bill imposes a 21 percent excise tax on highly-paid executives of nonprofit organizations.
Georgia Power Partnership with Purposity Lets Employees Meet Local Needs
May 14 | Alexander Parkinson, Senior Researcher, The Conference Board | Comments (0)
Are you using technology effectively to engage employees in community programs? A partnership between Georgia Power and Purposity is showing how disruptive technology can be used to boost the long-held practice of community engagement.