News Round Up: August 5th

Diversity is a topic on everyone’s mind, with good reason. And while companies are taking strides in the right direction, there are still certain groups of people underrepresented in the market. Stephan Breitfield, an Executive Search Professional, shares his insights on what it is like recruiting for other companies. Throughout his years, he noticed that when searching for mostly executive-level positions, there is a consistently small number of female candidates on his list. Read the full story here

The role of chief medical officer was - until recently - mostly limited to hospitals and healthcare companies, with a narrow focus on medical operations. However, the spread of COVID-19 has made it a C-Suite must-have for many large companies, including PepsiCo Inc and Tyson Foods Inc. Although the scope of the job can vary, most corporations recognize now that they have to think differently about the well-being of their employees and customers, while still being in compliance with the changing health regulations. Read the full article here

The emphasis on diversity, equity, and inclusion (DEI) in the boardroom is shaping up to be a permanent reframing of all that boards do and how companies approach corporate governance writ large. Though this emphasis has been steadily increasing over the past several years, the events of 2020 have accelerated ongoing discussions and efforts, and public boards should expect increased pressure from stakeholders — if not explicit action taken against them — if real progress is not achieved. Read the full story here

For a second year, Watermark Search International has partnered with Governance Institute of Australia to bring you the Index, which both organizations hope will further encourage diverse boards across all types of organizations. Indeed, this is the only national report to put five types of diversity under the microscope, examining: Gender, Cultural Background, Skills/Experience, Age, and Tenure and Independence. Read the full report here

The pressure is on for companies to tackle ESG issues. A broad set of stakeholders are continuously challenging companies to respond to concerns about climate change, the consumption of natural resources, changing societal values, and economic and political instability. In partnership with the United Nations Global Compact (UNGC), we’ve uncovered the importance of strong leadership from CEOs and boards in driving sustainable change – something we call Sustainable Leadership. Read the full story here

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