Directors & Boards articles from June 1991

Directors & Boards archives from June 1991

'Tragedy of the commons." (perceived insignificant environmental lapses of executives leads to greater environmental damage)(Letter from the Publisher) (editorial)
June 22, 1991... "Tragedy Of the Commons" Managing Environmental Responsibility is the Chairman's Agenda for the Summer edition of Directors & Boards. We examine the environmental challenges confronting businesses and their boards. Once defiant in opposition...

Baby-eating monsters. (America's leadership) (editorial)
June 22, 1991... Baby-Eating Monsters A congressman of our acquaintance was recounting recently his experiences participating in Capitol Hill inquisitions of companies that have done nasty things to the environment. This Washingtonian was not a rabid...

The environmental agenda for leaders. (Chairman's Agenda: Managing Environmental Responsibility)
June 22, 1991... The Environmental Agenda for Leaders I am convinced, after 20 years of working on environmental issues, that the approaches we have been using will not get the job done. They won't succeed because they do not focus enough on underlying...

Holding back earth's wrath. (environmental concerns during the 1990)(Chairman's Agenda: Managing Environmental Responsibility)
June 22, 1991... Holding Back Earth's Wrath Earth's wrath at (our) assaults is slow to come, but relentless when it does." That is a (paraphrased) verse from American Nobel prize-winner Howard Nemerov's poem, "Magnitudes." The sobering reality of our time is...

The environmental experts. (Chairman's Agenda: Managing Environmental Responsibility) (directory)
June 22, 1991... The Environmental Experts The following national and international organizations have a stated interest in working with the corporate community. Audubon Society 950 Third Avenue New York, NY 10022 (212) 546-9100 Conservation objectives...

Remolding the environmental function. (environmental policies of the United Technologies Corp.)(Chairman's Agenda: Managing Environmental Responsibility)
June 22, 1991... Remolding the Environmental Function Federal environmental regulations today total some 35,000 pages, and Corporate America must comply with every subsection and semicolon on those multitudinous pages. As a leader or as a follower, every...

In the jaws of a crisis. (crisis management of the Ashland Oil Inc.)(Chairman's Agenda: Managing Environmental Responsibility)
June 22, 1991... In the Jaws Of a Crisis The topic of crisis management could not be any more timely than it is today. In the oil industry we have come to learn that the world is full of surprises and rapid, radical changes. Reflecting upon the last 20 years...

The environmental audit. (includes related article)(Chairman's Agenda: Managing Environmental Responsibility)
June 22, 1991... The Environmental Audit The Wall Street rhetoric of the late 1980s concerned enhancing shareholder value. Little was said, however, about the mounting environmental liabilities being incurred by industry and how this might impact shareholder...

Crafting a crisis communications plan. (environmental awareness; Chairman's Agenda: Managing Environmental Responsibility)(includes related article)
June 22, 1991... Crafting a Crisis Communications Plan Environmental awareness and care are the watchwords of the decade. But all business leaders are finding that mere words and mission statements will not suffice. Suddenly, compliance with the law and...

Planning for the cost of clean air. (Chairman's Agenda: Managing Environmental Responsibility)
June 22, 1991... Planning for the Cost Of Clean Air The enactment of the Clean Air Act Amendments of 1990 marked the culmination of 13 years of political compromise and debate between the business and environmental communities. Designed to restore and...

Planning for the cost of clean water. (Chairman's Agenda: Managing Environmental Responsibility)
June 22, 1991... Planning for the Cost Of Clean Water The stated goal of the Clean Water Act (CWA) is zero discharge. Major CWA trends in the 1990s will revolve around how we move toward and/or achieve zero discharge. Over the next 10 years, Congress (in the...

The shareholders' green focus. (environmental concern of shareholders)(Chairman's Agenda: Managing Environmental Responsibility)
June 22, 1991... The Shareholders' Green Focus The involvement of shareholders in substantive corporate governance issues like those raised by environmental concerns is a significant step forward in the long-delayed development of management accountability to...

The director as polluter. (Chairman's Agenda: Managing Environmental Responsibility)
June 22, 1991... The Director As Polluter The astronomical costs attributable to compensating for, cleaning up, and preventing environmental damage is quickly making environmental liability issues one of the most important legal frontiers of the decade....

D&O insurance: is there any coverage? (directors and officers)(Chairman's Agenda: Managing Environmental Responsibility)
June 22, 1991... D&O Insurance: Is There Any Coverage? Directors and officers liability insurance was a little-noticed product until the mid-1980s. It was at that time that risk managers began reporting to senior management that there were serious problems...

Banks poised for consolidation. (Mergers and Acquisitions)
June 22, 1991... Banks Poised For Consolidation State of the Industry: "Even though 1990 was a poor year for the banking industry, the industry was not as bad off as was commonly perceived. We tracked 245 bank holding companies of which roughly 83% reported...

The SEC targets executive pay. (Securities Exchange Commission)(Who Owns Corporate America)
June 22, 1991... The SEC Targets Executive Pay With executive compensation featured as hard-hitting cover stories this spring in Business Week ("Are CEOs Paid Too Much?") and Forbes ("It Doesn't Make Sense"), along with widespread newspaper and television...

The propriety of retirement plans. (Director Data)
June 22, 1991... The Propriety Of Retirement Plans A growing number of public corporations are offering retirement plans to their outside directors. In its 1990 Report on Director Compensation, the Conference Board notes that 27% of 805 companies surveyed...

Spotlight on environmentalists. (environmentalists elected as directors of corporations)(Welcome to the Board)
June 22, 1991... Spotlight on Environmentalists The president of The Conservation Fund, Patrick F. Noonan, was elected to the board of Ashland Oil Inc. Noonan founded The Conservation Fund in 1985 as a national, nonprofit organization dedicated to advancing...

Richard J. Stegemeier, Unocal Corp. (The Chairman of the Board)
June 22, 1991... Richard J. Stegemeier, Unocal Corp. "At Unocal we think of ourselves as a high technology, earth resources company. Although we're headquartered in Los Angeles, the company's operations virtually span the globe. We find and develop crude oil...