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Littler's Denise Visconti and Trish Martin discuss the steps company boards and senior management can take to support their organization's #PayEquity efforts. #employmentlaw via Boards & Directors

New expectations and challenges for professional services firm leaders aren’t coming from scale alone. Heidrick & Struggles' Gustavo Alba, Sarah Driscoll, Sharon Sands, and Elmer Velasquez examine three main new dimensions that top executives in this space must also manage capably. Read the article here: https://bit.ly/3Lp4rl6.

Putting retiring board directors "out to pasture" can deplete companies of great talent. Transitioning retiring board members to advisory roles can retain institutional knowledge, provide for mentoring of rising executives, and maintain critical business relationships while allowing for fresh ideas and and new energy into the boardroom. #corporategovernance #boardofdirectors #boardrefreshment

Over the coming weeks, we will spotlight each of the 2024 Business Excellence Awards Categories! Introducing the HomeTown Hero Award, sponsored by Grant Thornton LLP! This award recognizes an exceptional organization or individual whose unwavering commitment and dedication to the spirit of Halton Hills have made a profound impact to our community. Their selfless efforts and passion for making a positive difference have strengthened community bonds, bringing transformative initiatives and inspiring collaborative partnerships. This prestigious accolade celebrates their visionary leadership and lasting contributions, making Halton Hills a better place for all. Nominations are now open for all categories. You can even nominate yourself! If you've got someone in mind, or you're proud of a team member's remarkable achievements, it's time to let their brilliance shine. Nominate now for the prestigious 2024 Business Excellence Awards: https://bit.ly/3SnOz6b Categories for this year include: - Business of the Year: 10+ Employees - Business of the Year: 1-9 Employees - Environmental Sustainability Award - Emerging Business of the Year (less than 5 Years in Business) - Employee of the Year - HomeTown Hero - Community Excellence: Business - Association of the Year: Not for Profit - Innovation in Business Award #HaltonHillsChamberofCommerce #HaltonHills #HaltonHillsChamber #BusinessSupport #BusinessExcellence

Leading a family business successfully requires unwavering commitment from the leadership to a shared purpose. This involves educating members, creating, and sustaining governance platforms for a shared voice. Encouraging transparency and clarity is essential to reduce conflict. Additionally, adapting to changing business and family dynamics while upholding the legacy is crucial. Balancing business goals with family harmony and personal relationships is key. It is a privilege to steward this responsibility! Pic Credits: Anne Nygård #familybusiness #governance #advisory

The number of independent directors sitting on the boards of Australia’s biggest listed companies may be at a record high, but has the time come for business leaders to reconsider the merits of boosting the number of ‘inside’ directors instead? It’s an idea that’s been suggested in a Harvard Business Review article by Bryce Tingle, who took a deep dive into a plethora of empirical studies of US listed companies and found little connection, if any, between board independence and company performance. Mr Tingle, who is a Chair in Business Law at the University of Calgary, argues ‘inside’ directors bring unique advantages including their deep understanding of the company, a desire to drive its long-term success, and their ability to resist shareholder requests for something that might not be in the company’s best interests.  Read more here: https://lnkd.in/gCxw2EZR #CorporateCommunications #StrategicCommunications #BoardMembers #InsideDirectors

Interesting insights from Spencer Stuart survey of Board of Directors. Certainly,the role of the Board and the governance thereof is very important in today's business context of fuzzy environments, fast- paced changes, increasing compliances and regulations and need to do responsible business. #BOD #directorresponsibility #governance

🌟 Sharing insights on non-executive director tenures on boards! In today's dynamic business landscape, the role of non-executive directors is pivotal. Their diverse perspectives and strategic guidance should drive sustainable growth. However, the issue of director tenures warrants attention, as mentioned in the attached article. While continuity brings stability and corporate memory, it's essential to balance it with fresh perspectives. Boards must foster an environment of renewal to infuse new ideas and perspectives as well as maintaining relevance. Aspiring for boards where experience meets innovation is key for navigating the complexities ahead. Diverse tenures, including a mandated maximum tenure to ensure boards remain adaptive and forward-thinking is warranted. What the number of years should be...therein lies the question for each Board! This week, I attended a board meeting and the tenure is mandated at 5 years. Some thought it too short and some shared different views... #BoardGovernance #DirectorTenures #InnovationAndExperience https://lnkd.in/dd_yYz6b

Wise words from former Congressman Richard A Gephardt and former Board member of #Ford, #CenturyLink, and #USSteel in the Harvard Law School Forum on Corporate Governance: "If the board and leadership engage consistently with ALL of their stakeholders their odds of achieving success for all of their stakeholders will be overwhelmingly good." #ESG #stakeholdercapitalism #employeeengagement #governance #leadership

Boardroom Disconnect and the Price of Poor Communication   The recent mass resignation of 23andMe's independent directors serves as a stark reminder: effective communication between the board and executive leadership isn’t just a “nice-to-have”—it’s essential to governance. As independent directors raised concerns over a lack of a fully financed proposal to take the company private, the communication breakdown became irreparable.   Leadership and boardrooms need to prioritize clear, proactive dialogue, especially when the stakes are high. It’s not enough to convene after the fact; anticipating disagreements and maintaining open, strategic conversations about long-term direction can prevent disruptions like this. CEOs and directors should continuously check the pulse of their relationship, making sure they are aligned before any major shift is proposed. When communication falters, so does trust—and in this case, the cost was the company’s entire board.    #BrioFinancial #FinancialAdvisory #cfowhisperer #spacwhisperer #accounting #auditprep #financialreporting #secfilings #ipo #briofinancial #iporeadiness #venturecapital #gopublic #transactionservices #technicalaccounting #startupacceleration #spac #microcap #Innovation #Leadership #Acquisition Brio Financial Group David Briones Ian Rhodes, CPA