A communications gap in the boardroom will only get wider unless members embrace new technology, says Blake Stephenson, Nasdaq Corporate Solutions.
While Facebook’s CEO Mark Zuckerberg faces calls to step down as chairman over accusations of possible conflicts of interest, and Sports Direct’s embattled CEO Mike Ashley gets a roasting from Standard Life Investments for a lack of corporate governance, boardroom behaviour and accountability has never been higher up the agenda.
What these high-profile examples have shown is that no matter how big the business, shareholders of all sizes have the right to be represented fairly and openly and that boardroom performance is quite rightly subject to
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An increased focus on risk and compliance for financial services firms has led to a rise in committees, reporting and key performance indicators. But boards must ensure that short-term targets do not hamper long-term strategic vision.