On the Board’s agenda
Top of mind topics for board members
The Center for Board Effectiveness is pleased to present On the board’s agenda, a bi-monthly publication focused on topics that are top of mind for board members.
International taxes: Seismic changes may be coming
After decades of operating within a generally stable international tax regime, multinational companies have more recently seen a flurry of activity, thanks to a global focus on profit shifting and the US 2017 tax overhaul. With the potential for international tax rules to undergo seismic shifts in the next several years, board members would do well to keep an eye on the work being performed at the Organisation for Economic Co-operation and Development, or OECD.
Following the first phase of its Base Erosion and Profit Shifting (BEPS) project, the Paris-based OECD is hosting an ambitious project in which 130+ nations (collectively known as the “Inclusive Framework”) are attempting to revise the international tax architecture to account for the ways in which the digitalization of the global economy has blurred traditional lines of jurisdiction. Whether consensus can be reached by so many countries with vastly different priorities, politics and domestic industries remains to be seen, but there may be significant risks to entities ignoring this project.
The OECD project has the potential to significantly impact a company’s risk profile and strategic planning, two of the key areas of board oversight. Accordingly, directors should stay informed about the status of the project and how it might impact the companies they serve.
What the board needs to know about the future of mobility
The transformation to a new mobility ecosystem—the “future of mobility”—is being driven by a series of converging technological and social trends: the rapid growth of shared mobility, including carsharing and ridesharing; the increasing viability of electric and alternative powertrains; new modes of transportation like e-scooters; and the growth of connected and, ultimately, autonomous vehicles (AVs). The result is a new ecosystem of mobility that can offer faster, cheaper, cleaner, safer, more efficient, and more customized travel. This new ecosystem, which in some ways is already here, will affect far more than automakers and transportation providers—industries from insurance, telecom, and health care to energy and media should reconsider how they create value in this emerging environment.
A key role of the board is to provide strategic oversight, including forward-looking perspectives, to help the organization build and maintain competitive advantage in the face of change. The purpose of this publication is to help board members understand the impact of this fundamental shift from personally owned, driver-driven vehicles toward a future mobility system centered around seamless integrated mobility—and the implications for future value creation.
On the Board's agenda, November 2019 | The front line of ESG disclosure
On the Board's agenda, November 2019 | The board’s role in extended enterprise management
On the Board's agenda, September 2019 | The board's role in crisis management
On the Board's agenda, September 2019 | Board oversight of corporate compliance
On the Board's agenda, September 2019 | A director's perspective
On the Board's agenda, September 2019 | Trends in executive compensation
On the Board's agenda, July 2019 | US 2019 Proxy Review
On the Board's agenda, July 2019 | CEO pay ratio: Leading indicator of broader human resource matters?
On the Board's agenda, June 2019 | Business Chemistry®: A path to a more effective board composition
On the Board's agenda, April 2019 | What to expect from auditor reporting of critical audit matters
On the Board's agenda, March 2019 | Crisis resilience and the board—Taking risk oversight to the next level
On the Board's agenda, February 2019 | Social media and the board
On the Board's agenda, January 2019 | The 2019 boardroom agenda: Something old, something new?
On the Board's agenda, November 2018 | A conversation on blowing up best practices
On the Board's agenda, September 2018 | Not if, but how: Evaluating the soundness of your digital transformation strategy
On the Board's agenda, July 2018 | Audit committee disclosure in proxy statements—2018 trends
On the Board's agenda, July 2018 | The board’s role in corporate social purpose
On the Board's agenda, June 2018 | Industry 4.0
On the Board's agenda, May 2018 | Sustainability and the board: What do directors need to know in 2018?
On the Board's agenda, April 2018 | Corporate culture risk and the board
On the Board's agenda, March 2018 | Is it time to review your board of director compensation program?
On the Board's agenda, February 2018 | Cyber risk in the boardroom—Accelerating from acceptance to action
On the Board's agenda, January 2018 | The 2018 boardroom agenda—Dealing with challenges old and new
On the Board's agenda, November 2017 | Board oversight of algorithmic risk
On the Board's agenda, October 2017 | Winning with digital—What boards need to know about digital transformation
On the Board's agenda, August 2017 | Audit committee disclosure in proxy statements—2017 trends
On the Board's agenda, July 2017 | Post-merger integration
On the Board's agenda, June 2017 | Managing brand risk in an age of social media
On the Board's agenda, May 2017 | Organisational Culture: Recognising signs of a toxic culture