New York Times (November 18)
“An under-the-radar lawsuit has privately been a hot topic of conversation in Fortune 500 boardrooms and corporate security departments.” The suit by the SEC against SolarWinds and its chief information security officer appears to be the first lawsuit “in which the S.E.C. has charged a company with intentional fraud related to cybersecurity disclosures.” The suit suggests “boilerplate disclosures” are no longer “sufficient if the company knows of more specific risks.”
Tags: Boardrooms, Boilerplate, CISO, Corporate security, Cybersecurity disclosures, Fortune 500, Fraud, Lawsuit, SEC, SolarWinds, Specific risks, Under-the-radar
Wall Street Journal (June 2)
“Climate-change activists are relentless, and in recent years they’ve been trying to take over corporate boardrooms. So it was good to see shareholders last week overwhelmingly vote down resolutions forcing Chevron and Exxon Mobil to hurt their business.”
Tags: Activists, Boardrooms, Chevron, Climate change, Exxon Mobil, Relentless, Resolutions, Shareholders, Vote
Wall Street Journal (July 5)
“The bosses of America’s biggest and best-known companies are learning a common lesson this year: The pay is great, but job security has rarely been shakier.” During the first five months of 2017, CEO turnover at large companies more than doubled. The “churn reflects a broader reality for the country’s business elite: An array of challenges—from increasing impatience on Wall Street and in boardrooms to a corporate landscape rapidly transformed by new technologies and rival upstarts—have made the top job tougher and more precarious than just a few years ago.” Today, “even the biggest companies are vulnerable to shareholder disapproval and competitive forces that their size and stature once helped them fend off.”
Tags: Boardrooms, CEO, Challenges, Elite, Impatience, Job security, Pay, Shareholders, Technologies, Turnover, U.S., Upstarts, Wall Street
Economist (September 17)
“Disruption may be the buzzword in boardrooms, but the most striking feature of business today is not the overturning of the established order. It is the entrenchment of a group of superstar companies at the heart of the global economy.”
Tags: Boardrooms, Buzzword, Disruption, Entrenchment, Established order, Global economy, Overturning
USA Today (January 21)
While the manifold challenges we face today “may be obvious, how to resolve them is less clear. In the past you would have looked in the boardrooms or parliaments of the world for solutions.” Today, as the face and style of leadership morphs, “solutions can be found in the minds of a new generation of leaders who have realized that the nature of leadership and power are changing.”
Tags: Boardrooms, Challenges, Leadership, Parliaments, Power, Solutions