Most corporate directors are familiar with the term “glass ceiling”—as they should be. Fewer directors are familiar with the term “glass cliff”—but they should be. For their ability to recognize the distinction between the two, and respond to the related challenges, will be critical to a company’s efforts to assure gender equality within its workforce.
In a recent article for Forbes, McDermott partner Michael Peregrine outlines why corporate boards should team with management to ensure gender equality across the internal playing field.
Corporate governing boards have a substantial homework assignment given multiple important developments affecting board composition and oversight of workforce culture. These developments encompass new surveys from prominent governance and consulting sources, notable litigation trends and a new state law. Collectively, they represent an accelerated focus by third parties on how directors are selected and employees are retained.
Writing for Columbia Law School’s Blue Sky Blog, McDermott partner Michael Peregrine reports on key developments in the corporate governance space.
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