Bhattacharya & Polman, 2017 - Make sustainability a priority of the board
3 important questions on Bhattacharya & Polman, 2017 - Make sustainability a priority of the board
What is the problem in terms of "Making sustainability a priority for the board."? List the 5 problems.
- Lack of expertise the board.
- Difficult to link sustainability to performance which is the main thing that advisory boards are looking at.
- Short-term orientation.
- Boards should focus on shareholder values.
- Competing priorities.
What is considered key to building a sustainable business when it comes to the board?
Managing board expectations about what the company is going to deliver.
What are the 4 things that companies should do to ensure making sustainability a priority to the board?
- Educate the board to focus on long-term.
- Appoint new board members that have sustainability expertise.
- Explicitly integrate sustainability into board duties.
- Have an external advisory board that may be from NGO's which are knowledgeable in terms of sustainability.
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