Tech companies’ use of dual-class share structures to keep control in the hands of founders and other insiders gives a handful of people power over enormous swaths of American life.
Good governance is critical for growth. But Canadian startups haven’t yet got a handle on the importance of governance when seeking investors.
(Ravi Roshan/Unsplash)
Good business requires good governance, and startups require a particular kind of governance to help them grow and prosper. That’s why it’s so important for startups to get governance right early on.
MEC built a leadership team that lacked any obvious understanding of co-operatives and fostered a culture that started to see member involvement as a problem rather than a strength.
In this 2019 promotional photo from McDonald’s, then CEO Steve Easterbrook, fourth from the left, celebrates the 50th anniversary of the Big Mac with family members of the McDonald’s employee who invented the popular sandwich. Easterbrook has since been dismissed from McDonald’s for inappropriate behaviour.
(Peter Wynn Thompson/AP Images for McDonald's)
Bad behaviour and toxic culture at a company can be corrected if the organization’s board of directors states clearly the values they are looking for in a CEO.
Executives are often given bonuses that “vest” on a particular date. If the share price is high on that date, regardless of the reason, they get payouts.
By using technology to curb the spread of COVID-19, governments undertake the risky venture of undermining human rights.
(Shutterstock)
As governments consider the use of surveillance technologies to trace and contain the spread of COVID-19, it is important to consider human rights in the implementation.
A lesson from the 2012 massacre of mineworkers is the need for government to retain its role as primary governance agent, enforcing clear rules and ensuring the provision of public goods and services.
Could Boeing’s board of directors do more to improve aircraft safety?
Reuters/Joshua Lott
Siri Terjesen, American University Kogod School of Business
The consequences for board members of corporations found to violate the law and ethical norms are rare and usually minor.
The German model of balancing shareholder interests on company boards with worker representatives is again attracting interest in the US, Britain and Australia.
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Associate Dean, Research and External Relations; Executive Director, Madden Center for Value Creation; Phil Smith Professor of Entrepreneurship, Florida Atlantic University