It took Canada’s first female and openly gay Premier, Kathleen Wynne, less than three months to express strong support for gender diversity on corporate boards (see page 291 of the Ontario budget, and a radio interview earlier this week with …
Recent Posts
- The Corporate Governance Game Changer That Needs to Come To Canada
- A rebuttal to Terence Corcoran’s “OSFI and the bureaucratization of corporate governance”
- Richard Leblanc: Ten reasons that pay governance is broken
- Richard Leblanc: Ten Corporate Governance Trends for 2014
- Gender diversity on boards: My discussion notes
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Interview regarding governance and accountability aspects of Toronto Mayor Rob Ford
Here is my CBC interview regarding Mayor Rob Ford, with two other panelists:
The Mayor of Toronto’s entrenchment needs to end
Mayor Rob Ford’s stubborn refusal to address substantively the allegations of drug use, and the reputational contagion and distraction it has caused, needs to be addressed in short order. Councillors should take all reasonable steps to procure Mr. Ford’s addressing …
J.P. Morgan post-game analysis
I was interviewed by BNN where I said that what proponents for the split of CEO and Chair at JP Morgan had going against them this week was that the stock was up 50% and that the split would occur …
How do boards prepare for terrorism?
In a board meeting, the military general asked the airline’s CEO, “Why is the pilot’s food being labeled?” “Because that’s the way we always do it,” the CEO responded. “Well then stop doing it,” the military director said. “If I’m …
Canada has its first Say on Pay Failure: Barrick Gold
This 85% of votes cast against executive compensation could have been predicted. A $17M pay package, including a $11.9M signing bonus, was awarded to Barrick senior executive John Thornton, in advance of performance, in spite of a 20-year low in …
American Banks Should Split the Chair and CEO Roles
Jamie Dimon and Lloyd Blankfein (Chairs and CEOs of J.P. Morgan and Goldman Sachs, respectively) should be relieved of their Board Chair responsibilities. Here is why. Consider how two hypothetical – but typical – board meetings play out: the first …
Political accountability and self dealing
A municipal politician told my graduate class when he spoke about accountability in public office this week that politicians have the ability to make someone rich or poor by decisions that they make. When and how they make those decisions …
10 Questions to Determine Whether Your Board Has the Right Dynamics and Behaviors
What fascinates me is what goes on inside boardrooms. Boards can have the structures, the boxes ticked, and the protocols and policies on paper, but if they are not lead properly, if they don’t behave as a team, and if …
The demise of the “blue chip” director
These are disguised but true stories. A director who has never operated a plant or worked in the company’s industry chairs the board’s health and safety committee. Internal controls are missed and poison in the company’s products kills several customers. …