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Regulations

The case for hiring older workers

Sep 26, 2019

On September 26, 2019, the Harvard Business Review published an article on how there’s a lot of talk about gender bias, racial bias, and culture bias at work, and each are important for many reasons. But perhaps one of the biggest and most problematic types of bias we face is the bias of age: we often evaluate people based on their age, and this is now becoming a major challenge in the workplace.

Review the full article on the Harvard Business Review's website.

Seven insights from geopolitical, economic experts for corporate leaders

Sep 26, 2019

On September 26, 2019, the National Association of Corporate Directors (NACD) BoardTalk published an article on how geopolitical events and international trade developments are reshaping the global economy, and companies are having to grapple with complex ripple effects.

To help corporate directors and senior executives navigate these complex challenges, NACD featured two mainstage events focused on geopolitical risk and international trade at its 2019 Global Board Leaders’ Summit.

The sessions surfaced the following insights to attendees:

  1. Cybersecurity remains top of mind
  2. Today’s era of uncertainty will have long-lasting effects
  3. Ambiguity creates room for new opportunities
  4. Emerging markets will play a critical role
  5. Democracy and capitalism are still wedded
  6. Prepare for a continuous learning journey
  7. Corporate leaders must avoid complacency

Review the article on the NACD BoardTalk's website.

Why new leaders should make decisions slowly

Sep 25, 2019

On September 25, 2019, the Harvard Business Review published an article on how the stakes are high when a new leader takes over. Despite their training and experience, a full 74% of new leaders say they are unprepared for the new role, and in 18 months nearly half of them disappoint or fail entirely.

In many cases, leaders either judge too quickly, making snap decisions that prove to be ill advised, or wait interminably to “gather more facts,” only for the critical moment to slip away.

Review the full article on the Harvard Business Review's website.

Remarks given during the UN Secretary General’s Climate Action Summit 2019

Sep 24, 2019

On September 24, 2019, the Bank of England released a speech by Mark Carney given at the UN Climate Action Summit, where the Governor talks about the importance of a sustainable financial system.

Mr. Carney says it can help to amplify the impacts of climate policies and accelerate the transition to a lower carbon economy. He calls for a step change in reporting and risk management. And he argues for an optimization of sustainable finance into everyday mainstream financial decision-making.

Review the press release and full speech on the Bank of England's website.

International webinar on proposed changes for role and mindset expectations

Sep 23, 2019

On September 23, 2019, the International Ethics Standards Board for Accountants (IESBA) released a webinar to help our stakeholders understand the IESBA’s recent proposed Code of Ethics changes to promote role and mindset expectation.

Listen to IESBA Deputy Chair Richard Fleck share an overview of the proposed revisions, including:

  • Highlighting professional accountants’ wide-ranging role in society and the relationship between compliance with the Code and the responsibility to act in the public interest;
  • Enhancing the robustness of the fundamental principles of integrity, objectivity and professional behavior;
  • Requiring an inquiring mind when applying the conceptual framework; and
  • Highlighting the importance of being aware of bias and having the right organizational culture.

Review the press release and video on the IESBA's website.

How to demonstrate your strategic thinking skills

Sep 23, 2019

On September 23, 2019, the Harvard Business Review published an article on how showing strategic thinking skills tells your bosses that you’re able to think for yourself and make decisions that position the organization for the future.

It assures them that you aren’t making decisions in a vacuum but are considering how other departments might be affected or how the outside world will respond.

Review the full article on the Harvard Business Review's website.

Some good news for the cybersecurity class action bar

Sep 19, 2019

On September 19, 2019, the D&O Diary published a guest post by John Reed Stark, President of John Reed Stark Consulting and former Chief of the SEC’s Office of Internet Enforcement. In his post, Mr. Stark discusses a recent development in the class action litigation arising out of the massive Marriott International data breach.

This development could have significant ramifications for other claimants asserting class action claims, including securities class action claims, based on data breaches or other cybersecurity incidents.

Review the full post on the D&O Diary's website.

Hiring for culture fit doesn’t have to undermine diversity

Sep 18, 2019

On September 18, 2019, the Harvard Business Review (HBR) published an article by Mr. Hofmans and Mr. Judge on how although most managers would agree that it is important to hire people who fit in, the idea of hiring for culture fit has become controversial. Their work suggests it need not be.

Most of the controversy boils down to a single key issue: the wrong definition of culture fit. The confusion over what culture fit is has given rise to a number of common misconceptions. Clearing these up can help managers improve their talent strategies.

The misconceptions include:

  1. Culture fit is a “nice to have” but not a necessity
  2. Hiring for culture fit hurts diversity
  3. Hiring for culture fit hurts innovation
  4. Hiring for culture fit is an art, not science

Review the full article on the HBR's website.

The economics of cybersecurity

Sep 18, 2019

On September 18, 2019, the National Association of Corporate Directors (NACD) published an article on how for many directors and business executives, cybersecurity spending has long been a mystery.

Understanding where to invest, how much to invest and, most importantly, the return on that investment has been largely a guessing game. It is also how cybersecurity has earned the reputation of being a “black hole of spending”—chief information security officers (CISOs) continuously request more budget to stay apace of the constantly changing threat landscape, but there is little clarity around how that budget actually delivers value to a company.

Review the full article on the NACD's website.

Steps leaders can take to get the most out of feedback

Sep 10, 2019

On September 10, 2019, the Harvard Business Review (HBR) published an article on how business publications are filled with articles about feedback, but the focus tends to be on the transfer of data. What is less explored is how leaders should respond once they receive that data.

Even when leaders make an effort to collect robust feedback, they only access about 25% of its potential value. This is because the process often stops too soon.

Review the full article on HBR's website.

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