Corporate Boards

The Corporate Governance Game Changer That Needs to Come to Canada

Richard Leblanc | Posted 11.29.2014 | Canada Business
Richard Leblanc

I teach my students and counsel board clients that shareholders elect directors; directors appoint managers; directors are accountable to shareholders; and managers are accountable to directors. This is largely theoretical.

Why Board Training Needs To Be Part of the Business Curriculum

Eric Quon-Lee | Posted 07.01.2014 | Canada
Eric Quon-Lee

Not only is the millennial generation changing the meaning of corporate, they are also changing how corporations are run. Increasingly, corporations are changing their mission statements to better reflect the "triple bottom line," which emphasize their corporate social responsibility initiatives as a means to better appeal to the next generation of employees.

Activists Need to Get Out of the Street and into the Boardroom

Eric Quon-Lee | Posted 03.16.2014 | Canada Business
Eric Quon-Lee

Strikes, picket lines and other forms of protest that require significant labour resources are ineffective against corporations that can use automation or outsourcing as significant bargaining chips. If this is the case, how are activists meant to effect real change? One way is in the corporate boardroom.

How to Get More Women on Canadian Boards

Richard Leblanc | Posted 10.06.2013 | Canada Business
Richard Leblanc

The Ontario Securities Commission (OSC) should be congratulated for addressing gender diversity last week. Other than Quebec, the addressing of boardroom and senior management diversity (beyond gender) has been long overdue in Canada.

Corporate Directors: "You Hold Much of Our Future in Your Hands"

Richard Leblanc | Posted 09.29.2013 | Canada Business
Richard Leblanc

Boards should revitalize, as the American economy (and the world) is dependent on it. But they need to do so in a way that puts their own interests and reputations at risk. They need to be ruthless in recreating - and think only of the best interests of their enterprises. They need to "person proof" in other words, which is the theme of the NACD conference.

Barrick Gold's $17-million Executive Pay Packages Make Sense

Richard Leblanc | Posted 06.26.2013 | Canada Business
Richard Leblanc

There is merit to Peter Munk's position. If shareholders truly believe in pay for performance, then it is equally important to attract and motivate executive talent in a downturn as it is in an upturn. This means, paradoxically, that a compensation committee will pay out more, in spite of low stock price, and rein in executive pay during an upturn.

What the Board and Management Want From Each other

Richard Leblanc | Posted 03.30.2013 | Canada Business
Richard Leblanc

I recently trained a group of directors and CEOs from the banking and agricultural sectors in Texas and Arizona. We discussed mutual expectations on the part of the board and management. The following represents the output of these discussions, which could apply to a variety of boards.

Four Steps to a More Diverse Corporate Board

Deborah Nixon | Posted 12.12.2012 | Canada Business
Deborah Nixon

Only 150 out of 1000 Canadian companies had any diversity on boards. What is the business case for diversity on boards? There is no clear evidence that diverse boards create greater shareholder value. There is, however, evidence that diverse groups make better decisions and mitigate group-think.