All Briefs

Eighty percent of people who serve on nonprofit boards describe themselves as better leaders, the result of developing skills like board governance, networking, strategic planning, and communication. By supporting meaningful leadership and community engagement, companies that promote nonprofit board service help to grow employees’ value to the company.

Retail is increasingly online, but nearly 75 percent of small businesses don’t have any e-commerce presence and less than 2 percent export, making it difficult for them to thrive in local—sometimes depressed—markets. Retail Revival, a new initiative from eBay, helps small businesses in Akron, OH, Lansing, MI, and Wolverhampton, UK, take their products to the global market. Retail Revival is a community program that draws on the strengths of the company—an example other companies could follow.

Care should be taken to avoid enrichment of executive pay packages as a result of a stock buyback. The selection of performance measures and corresponding performance levels can be one of the most difficult aspects of designing an incentive compensation program for executives.

Nearly a quarter of companies expect to increase their funding for the arts in the next 12 months, and only seven percent expect to decrease arts funding. Companies can use the arts to improve the economy and quality of life in communities and to foster creativity in their workforce. Partnerships with arts organizations provide interesting opportunities for companies to engage employees, promote diversity, and drive innovation.

Over the past three years, a rapidly increasing percentage of Fortune 500 companies have begun using Instagram to reach a younger audience adept at visual storytelling. Although LinkedIn, Facebook, and Twitter dominate in terms of active accounts among the Fortune 500, Instagram and fellow visual platform YouTube have moved quickly to occupy the rest of the top five. Companies need to be active on a range of social media technologies that includes visual platforms.

Employees who participate in nonprofit board service change the way they work by becoming more cognizant of the value of diversity and inclusion. Having experience on boards, these employees typically listen more carefully to different views, create more inclusive teams or committees, and make more inclusive hiring decisions. Companies should promote nonprofit board service as a way to develop more inclusive leaders.

The Conference Board has developed a sustainable procurement framework to help companies assess their sustainable procurement program’s orientation toward outcomes and impact.

There has been dramatic growth in ESG (Environmental, Sustainability and Governance) investing during the past 20 years – but along with this positive trend comes an equally dramatic rise in ESG reporting requirements, and a proliferation of rating agencies and assessment tools.