The Deloitte/Directorship survey demonstrated that opinions from both “Main Street” — journalists, policymakers, analysts and the “C-Suite” including CEOs and directors as well as teachers, laborers, policymakers, doctors, students and community leaders have a relatively poor opinon about the effectiveness of the current corporate governance.
Smart CEOs and boards will see this as an important opportunity to use the current proxy season as a way to reach out to shareholders in a credible way. By drafting CD&As in plain English that are designed to explain the board’s philosophy in devising pay programs that reward performance rather than failure.
The InterimCEO is a worldwide network of interim, contract and project executives. Their website has posted my comments on board leadership on their home page. The InterimCEO network serves as a rich resource for executives and companies that are looking for assistance.