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Stakeholder capitalism has become one of the key concepts guiding how companies and boards view their purpose and responsibilities.

Non-Executive Board Members as Interim CEO When executive candidates are unavailable or not ready to take the helm even temporarily, it is common to appoint an interim CEO from the organization’s board of directors.

Board diversity is now at a point where proxy advisors are recommending against votes when companies and their boards fall short of minimum diversity expectations.; Despite a slow and rather business-as-usual start to the 2022 proxy voting season, the year-to-date outcomes have reached record territory for say-on-pay (SoP) failures.

The Conference Board’s latest annual Job Satisfaction survey found an increasing gap between women and men.

ExxonMobil filed a petition for review of the board’s actions, and the board filed a cross-petition for enforcement of the 2023 decision.

In addition, 10% of companies now have documents that govern nominations of board directors that specifically mention the consideration of people with disabilities, and 6% have someone who openly identifies as having a disability serving on their company’s corporate board.

State governors, collaborating with their respective workforce boards, will be tasked with identifying specific high-demand industries and career fields within their regions.

Court Strikes Down California Law Mandating Board Diversity As reported by Newsweek , a Los Angeles court judge has deemed a California law that obliged corporations to include board members from “underrepresented communities” as unconstitutional.

;The average percent of a CEO pay package comprised of long-term incentives/equity is 23% for private companies, whereas for a CEO of a private equity-backed firm it is 51%.; Canavan said in addition to a competitive compensation package, the organization should implement a fiduciary board and, ideally, an advisory board that includes independent directors who are not members of the family nor management.

The NLRB’s stated goals are to: ;Protect private-sector employees’ rights to organize, form unions and engage in “concerted activity” (group action for better pay/conditions) with or without a union; and,; ;Investigate unfair labor practices and conduct union representation elections.; The Fox Rothschild law firm provided context on the situation , stating, “The board has effectively asked a federal court to dismantle the structural independence that has defined the agency for nearly a century.