“Maximizing shareholder value has been the mantra of corporate boards for at least the last two decades. But the ways to boost profit have changed dramatically in that time. And boards are struggling to keep up.”
In my most recent post in The Christian Science Monitor I suggest that boards would benefit from stakeholder audits and other moves to put them in closer touch with the people they are supposed to represent. I also argue that boards should diversify and need to quantify how they create value for all stakeholders, not simply shareholders.
“It’s time for corporate boards to adjust in order to guide and oversee their companies’ efforts to deliver value to stakeholders worldwide. Global society will be better off – and probably wealthier – as a result.”
What do you think of the state of boards today? What changes would you make?
