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Abstract
This chapter examines the role of boards of directors, with particular attention to board composition. Only highly qualified boards can fulfill their obligations to grow the company’s value in the context of the most pressing issues of this and subsequent decades—to identify the challenges and opportunities that are most material to the company, and focus their attention accordingly. The best qualified boards will have directors who bring diverse and relevant experience and expertise, including related to ESG (environmental, social, and governance), climate change, cybersecurity, technology, and the global marketplace. There has in fact been some progress in transitioning boards with regard to their composition, focus, and attention. Pressure from investors and regulators is helping to drive these important developments. Companies have the capacity and self-interest to accelerate progress in addressing climate change and vital social and economic concerns. It is their boards of directors, however, that have the ultimate responsibility and authority to guide and shape their companies. And in order to maximize the company’s greater potential in the global marketplace, boards must drive the world agenda for an inclusive, sustainable, and prosperous future.
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New York, NY, USA
Alice Korngold
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Korngold, A. (2023). Corporate Governance for an Inclusive, Sustainable, and Prosperous Future. In: A Better World, Inc.. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-31553-4_7
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