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Carol Tomé was warned before taking the helm of global shipping company UPS that she would feel lonely. She wasn’t fazed. “I would say, ‘How lonely can it really be? It can’t be that lonely?’ What I’ve since learned is that it is extraordinarily lonely,” she laughed. "When you are a member of an executive team, you hang together...

In recent years, corporate chiefs have contended with everything from labor shortages and strikes to layoffs and culture wars, actual conflicts, the remote-working boom, snarled supply chains, pandemic shutdowns, historic inflation, surging interest rates, and a deeply uncertain economic outlook. Perhaps it's no ...

Knowing the right questions to ask management on material environmental, social, and governance issues has become an important part of a board’s role. Five years ago, our research at NYU Stern Center for Sustainable Business found U.S. public boards were not fit for this purpose ...

It’s more common for companies to build incentives into executives’ annual compensation plans rather than their long-term plans. About 86% of companies in the Russell 3000 index that incorporated ESG performance metrics in incentives used annual incentives in 2023 ...

Corporate boards today are providing oversight to an ever-expanding set of issues — from the impact of technology like AI to cybersecurity risks to regulatory and talent concerns, to name a few. Yet populating boards with the right portfolio of skills is a balancing act. Our survey found that board...

As AI continues to advance at an exponential rate, businesses are realizing that traditional governance methods are struggling to keep up with the complexities of the modern digital economy. The rise of the Chief AI Officer in the C-suite underscores this shift, buttressing ....

The cyber threat landscape continues to rapidly evolve. In 2023, the FBI received a record 880,418 cybercrime complaints from the American public, with potential losses exceeding $12.5 billion.2 Yet the actual impact is likely much more significant, the FBI explained: “As impressive as these figures appear, we know....

As the purview of a CFO continues to expand, having an effective team will be key. McKinsey research finds that finance chiefs need experience and skills beyond traditional expertise in planning, budgeting, and risk mitigation. “CFOs now serve as board advisers and CEO consiglieri on organizational...

The challenges of the climb compound the closer one gets to the top. The trail from the final camp to the summit is dubbed “the death zone,” where thin air and brutal weather combine to create confusion and hallucinations, as well as a host of health-related ....

Given the weight of their roles, today’s COOs are expected to have a clear cross-functional understanding of every C-suite function and a deep familiarity with the markets. As they’re managing supply chain and labor strategies, for example, COOs are also immersing themselves in a company’s customer ...