How to Make Corporate Boards More Effective

The video features a discussion led by Robert Kaplan with Scott Stringer, focusing on the influence of long-term shareholders on corporate boards, the importance of board diversity, and the challenges in electing diverse directors. It also touches on the evolving responsibilities of corporate leadership in a global context and emphasizes the need for an ownership mindset in decision-making.

What is one of Scott Stringer's main goals for corporate boards?

• To reduce the number of board members

• To increase short-term profits

• To have more long-term shareholders

• To ensure more diversity and climate change awareness

What is a challenge Scott Stringer faces in influencing corporate boards?

• Lack of support from shareholders

• Inability to nominate board members

• Insufficient funds for campaigns

• Opposition from the government

What is the potential benefit of having diverse board members according to the discussion?

• Reduced operational costs

• Increased company value

• Lower shareholder engagement

• Higher employee turnover

What is one reason for separating the roles of chairman and CEO?

• To simplify decision-making processes

• To reduce the number of board meetings

• To increase the CEO's power

• To ensure the board has the right agenda

What is the key message to students about leadership?

• Avoid taking risks

• Take ownership of decisions

• Focus solely on profits

• Follow orders without question