Boards Put on Notice After Faber, Weinstein Scandals

The video discusses recent cases of corporate accountability, highlighting how social media and public pressure are prompting boards to enforce ethical standards more swiftly. It examines the global perspective on corporate behavior, with a focus on North America, and presents data showing an increase in CEO firings for ethical lapses. The discussion emphasizes the growing public influence on board actions and the wider recognition of workplace issues like harassment and racism.

What recent changes have corporate boards made in response to unethical behavior by executives?

• They are setting and enforcing standards more quickly.

• They are reducing the number of board meetings.

• They have started ignoring such behavior.

• They are rewarding executives for their behavior.

How has social media impacted corporate boards' responses to unethical behavior?

• It has no impact on corporate boards.

• It has increased public pressure on boards to act.

• It has made boards less responsive.

• It has led to more bonuses for executives.

What was the consequence for KB Homes CEO Jeff Metzger due to an embarrassing incident?

• He was transferred to another department.

• He received a promotion.

• He was given a raise.

• His bonus was cut.

What trend is observed in North America regarding CEOs and ethical lapses?

• The number of CEOs fired for ethical lapses has more than doubled.

• The number of CEOs fired for ethical lapses has remained the same.

• The number of CEOs fired for ethical lapses has decreased.

• CEOs are no longer held accountable for ethical lapses.

How do corporate boards typically find out about unethical behavior?

• Through anonymous tips from employees.

• Through annual board meetings.

• Through news reports and public discovery.

• Through internal audits.