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.
Breakthroughs with Design Thinking, Diversity, and Inclusion: Part 2
May 22 | Rebekah Steele, Senior Fellow, Human Capital & Program Director, Diversity & Inclusion, The Conference Board | Comments (0)
Progress in the field of D&I is sluggish and often fleeting. To achieve our critical goals for individuals and businesses, we must be willing to question familiar assumptions and re-consider the relevance and effectiveness of today’s best practices.
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?
Corporate Communications and Employee Mental Health
May 20 | Johanna Seitenbach , Member Engagement Specialist, The Conference Board | Comments (0)
The only way corporate mental health initiatives can be successful is if they are aligned with communication efforts. There are several functions of corporate communications that are necessary to consider when evaluating a company’s approach to mental health.
Goodwill vs. Intangible Assets — A Lesson Learnt from a Recent $15 Billion Write Down
May 17 | James Gregory, Senior Fellow, The Conference Board | Edgar Baum, Founder & CEO, Avasta Incorporated | Comments (0)
Goodwill on the balance sheet isn’t good enough. Until a better, more transparent accounting, or fair value method replaces goodwill, intangible assets will remain impossible to manage and unaccountable to shareholders. Not providing transparency will have consequences such as significant write-downs ($15 billion write-down for the acquisition of Kraft) of brands and restatements of financial reports.
What’s new in the US labor market – May 2019 Edition
May 15 | Gad Levanon, Ph.D., Chief Economist, North America, The Conference Board | Comments (0)
In 2009, the US labor market was the weakest since the Great Depression. In 2019, after a decade of strong hiring and the retirement of about 3 million baby boomers a year, the US economy is experiencing the lowest unemployment rate in 50 years. Employers are experiencing historical difficulties in recruiting and retaining workers, especially in blue-collar and low-paid occupations. In the next 12 months, despite some slowing in economic growth, labor markets will get even tighter.
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.