Culture is one of the first things that needs to change, but often it's the last thing that ever does because the process is so challenging. Photo: Shutterstock)
What happened in 2019 within the executive ranks at several of the most prestigious and storied public companies should serve as a wake-up call to corporate boards all across this country: Boards cannot afford to not know what's going on within their organization.
We have seen a high number of corporate boards surprised by cultural problems and behavioral issues within senior management, some of which have led to CEO terminations, negative impacts on brand and company valuations, and also in plaintiff attorneys holding boards accountable for their lack of visibility into foundational issues. And yet, visibility into fundamental issues remains elusive for so many organizations.
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