Jul 18, 2022
Only 17% of Board Directors Can Handle These Looming, Profit-Killing Issues – A Discussion with Helle Bank Jorgensen
When you think about who holds the most power in a company, you likely picture the CEO. But a company’s board members are the true power players: they not only hire and fire the CEO but also act as guardians of the company’s long-term success.
Do most boards have what it takes to meet the challenges of the future—especially those that are pounding on the door today? Not by a long shot.
Imagine if only 17% of board members on your audit committee could read a profit and loss statement or a balance sheet. According to The Sustainability Board Report 2020, only 17% of board directors on forward-looking sustainability committees are “competent” to handle the looming, profit-killing issues boards now face, including climate change, ESG (environmental, social, and governance) challenges, diversity, human rights, cybersecurity, and more.
Helle Bank Jorgensen is an internationally recognized expert on sustainable business practices, boasting a 30-year track record of turning environmental, social, and governance (ESG) risks into innovative and profitable business opportunities.
Helle is the founder and chief executive of Competent Boards, which offers online climate and ESG programs from a faculty of over 100 renowned board members, executives, and experts.
An advisor to global Fortune 500 boards and organizations—including Nike, Maersk, Shell, and Unilever—Helle also serves on high-profile international panels, including the World Economic Forum (WEF) Expert Network and Accounting for Sustainability (A4S). In 2020, she was awarded the Global Impact Award and named one of “five people in ESG to look out for.”
During the interview, we discuss:
* what makes a steward of the future
* why it’s more important than ever for boards to have ESG (environmental, social, and governance) insight and oversight
* risks and opportunities that boards need to discuss
* how to bring fresh perspectives to the boardroom from younger generations
Connect after the interview.
* Website: https://competentboards.com
* Twitter: https://twitter.com/CompetentBoards
* Instagram: https://www.instagram.com/esg_competent_boards
* YouTube: https://www.youtube.com/channel/UCDQz0-yporcwRxdrsQv14kQ
* LinkedIn: https://www.linkedin.com/in/hellebank
Read “Stewards of the Future: A Guide for Competent Boards” https://www.amazon.com/Stewards-Future-Guide-Competent-Boards-ebook/dp/B09FTPJHBB
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