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    employee activism

    Explore " employee activism" with insightful episodes like "What Good Business Means - with Alison Taylor", "David Larcker and Brian Tayan on "The Art and Practice of Corporate Governance."", "The Week in Green Software: Code Green and Clean Power", "Activists and Innovators Part 2. Employee Activism: Change from Within" and "Activists and Innovators Part 1. Why Resistance is Necessary" from podcasts like ""What If We Get It Right?", "Boardroom Governance with Evan Epstein", "Environment Variables", "What If We Get It Right?" and "What If We Get It Right?"" and more!

    Episodes (12)

    What Good Business Means - with Alison Taylor

    What Good Business Means - with Alison Taylor

    Alison Taylor is a clinical associate professor at NYU Stern School of Business, and the executive director at Ethical Systems. She has written a book about the new landscape for business ethics, for Harvard Business Review Press called Higher Ground.

    With ideas changing on what it means to be a good business, Alison Taylor says we need collective agreements on what is good and what is bad. And we need the right words to talk about these subjects. Her interview was part of our full story on activists and innovators in business.  

    We talk about what is needed to be an ethical organisation, which according to her doesn’t exist without employee participation, understanding and belief that speaking up lines are actually real – and not just performance the senior leadership is putting on.

    In fact, Alison sees a huge expansion in what employees want in terms of raising their voice, making their opinions felt having a role in shaping the values and priorities of the organization. So, why are organizations not responding very well tot his? And what should they be doing?

    Listen to the full interview with Alison Taylor and hear about best practices by organisations who see the advantage of including employee voice and employee opinions.

    Alison’s previous work experience includes being a Managing Director at non-profit business network Business for Social Responsibility and a Senior Managing Director at Control Risks. She holds advisory roles at ESG and risk consultancy Wallbrook and sustainability non-profit Business for Social Responsibility.

    She has expertise in strategy, sustainability, political and social risk, culture and behavior, human rights, ethics and compliance, stakeholder engagement, anti corruption and professional responsibility. Alison received her Bachelor of Arts in Modern History from Balliol College, Oxford University, her MA in International Relations from the University of Chicago, and MA in Organizations Psychology from Columbia University.

    https://www.ethicalsystems.org

    Twitter: @FollowAlisonT

     

    Selected links from episode

    Re_generation Canada - Canada’s largest platform to inspire youth in sustainability

    Clean Creatives - A movement of advertisers and clients cutting ties with fossil fuels. 

    Undercover Activist - A learning hub for employee-led change.

     

    David Larcker and Brian Tayan on "The Art and Practice of Corporate Governance."

    David Larcker and Brian Tayan on "The Art and Practice of Corporate Governance."

    0:00 -- Intro.

    1:38 -- Start of interview.

    2:26 -- On the origin story of their latest book: "The Art and Practice of Corporate Governance." 

    7:32 -- About the Boeing 737Max case. The cultural shift. "Safety was just a given."

    12:29 -- About Netflix's "Radical Transparency in the Boardroom." Reference to their 2010 case study "Equity on Demand, the Netflix Approach to Compensation." 

    18:37 -- On the question of CEOs moving up to the Chairman position, (the role of Executive Chairman).

    22:39 -- On the evolution of CEO compensation, Say-On-Pay and CEO-to-worker pay ratios.

    27:06 -- On the practice of awarding "mega grants" to CEOs (particularly with founder-led tech companies, emulating Elon Musk's Tesla case).

    30:42 -- On compensation issues regarding the recent SVB and other bank collapses. "Incentives are more than just the dollar value."

    35:11 -- About the "epic misbehavior at Uber", unicorns and other private venture-backed company governance issues.

    42:42 -- On the double-edged sword of CEO activism

    45:05 -- Engaging employee activists. The Coinbase example. The General Counsel View on ESG Risk (2021).

    52:35 -- On the backlash on ESG (see previous episode E50 "The Seven Myths of ESG.")

    57:51 -- Corporate governance topics that they are currently working on: 1) SEC overreach and disclosure, 2) DEI, and 3) What's going on at the board level: new data and insights will be released soon!

    David Larcker is the James Irvin Miller Professor of Accounting Emeritus at the Stanford Graduate School of Business and he’s a Senior Faculty at the Arthur and Toni Rembe Rock Center for Corporate Governance. His research focuses on executive compensation, corporate governance, and managerial accounting. 

    Brian Tayan is a member of the Corporate Governance Research Program at the Stanford GSB. He has written broadly on the subject of corporate governance, including boards, succession planning, executive compensation, financial accounting, and shareholder relations.

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     You can follow the Stanford Corporate Governance Research Initiative on social media at:

    Twitter: @StanfordCorpGov

    LinkedIn: https://www.linkedin.com/showcase/corporate-governance-research-initiative/about/

    __

     You can follow Evan on social media at:

    Twitter: @evanepstein

    LinkedIn: https://www.linkedin.com/in/epsteinevan/ 

    Substack: https://evanepstein.substack.com/

    __

    You can join as a Patron of the Boardroom Governance Podcast at:

    Patreon: patreon.com/BoardroomGovernancePod

    __

    Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

    You can follow Evan on social media at:

    Twitter: @evanepstein

    LinkedIn: https://www.linkedin.com/in/epsteinevan/ 

    Substack: https://evanepstein.substack.com/

    __

    You can join as a Patron of the Boardroom Governance Podcast at:

    Patreon: patreon.com/BoardroomGovernancePod

    __

    Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

    The Week in Green Software: Code Green and Clean Power

    The Week in Green Software: Code Green and Clean Power
    Joining host Chris Adams on this episode of TWiGS is Nina Jabłońska, operations coordinator at Energy Tag and a master's student in sustainable energy systems. In this episode, we'll explore insights from the Linux Foundation Energy Summit in Paris, including Microsoft's urgent call for green coding and real-life examples of reducing computing emissions through cloud carbon footprint analysis. We'll also touch on employee activism at AWS, where tech workers stood up for climate action and better work-from-home conditions. Nina also tells us why sometimes she goes by Nina Jab%o%ska, and why Cara Delevingne and Keanu Reeves are the ultimate “carbon-free couple!”

    Activists and Innovators Part 2. Employee Activism: Change from Within

    Activists and Innovators Part 2. Employee Activism: Change from Within

    Some activists are on the barricades, but most of them are not. We’ll hear from those who are doing grassroots organising, raising awareness in their organisations and encouraging colleagues to speak up and take action. People like Christian Vanziette, Manuel Salazar and Desiree Fixler who are putting pressure on the company from within. Voices of dissent who are daringly speaking truth to power, challenging and resisting in the face of questionable leadership.

    And we hear more from activists and experts Gail Bradbrook, Megan Reitz and Alison Taylor who have some tips for activists. Who show us we don’t all need to be on the barricades to lead change and how activists can prevent getting entangled and become part of the problem. Full Interviews with all speakers are on the Season 3 page

    Snippets and Credits for this episode

    Guardian article on the 420 Carbon Bombs

    Extinction Rebellion - a do-it-together environmental movement.

    Power for All - Julie Battliana and Tizana Casciaro

    Transition movement - Rob Hopkins

    Taking Action from the Inside: Linkedin Article Manuel Salazar

    Taking Action in Six Steps for employees - Youtube video Manuel Salazar

    Creatives for Climate podcast with Ryan Gellert

    Sustainability isn’t good enough Paul Polman

    Activists and Innovators Part 1. Why Resistance is Necessary

    Activists and Innovators Part 1. Why Resistance is Necessary

    We see activism as a whole range of activities that change the priorities we work on. Insisting we talk about the real issues. This is about speaking truth to power. Starting with resistance and standing for our values and the possible future we envision. This is where activism crosses paths with innovation.

    Kwame Ferreira, founder of Impossible and Tessa Wernink, co-founder of Fairphone & the Undercover Activist have been doing (social) innovation for a long time. More recently, they have been diving into activism and what it means for business.

    We see that innovation without activism in the mix challenging the status quo, does not move the needle. It does not change the norm. Does that make activism a necessary ingredient to ensure innovation is not just benefiting the user but also other layers of the ecosystem?

    In Part 1 of Season three, we move from entrepreneurs to intrapreneurs. From social innovators to activists. And question whether activism can speed up innovation for businesses to lead.

    We speak to experts in the field of good business and leadership like Megan Reitz and Alison Taylor. And hear from employee activists and community organisers Christian Vanizette, Manuel Salazar, Gail Bradbrook and Desiree Fixler. Full Interviews with the speakers are on the Season 3 page

    Snippets and Credits for this Episode

    Planetary Podcast Interview Stefanie Hauer with Desiree Fixler

    Bloomberg Wealth: Nelson Peltz

    Shareholders vs. Stakeholders -- Friedman vs. Freeman Debate - R. Edward Freeman

    E118: AI FOMO frenzy, macro update, Fox vs Dominion, US vs China & more with Brad Gerstner

    2023 Investor Day speech - Elon Musk

    The Tipping Elements - Johan Rockström Davos 2023

    Where’s the political will? - Al Gore Davos 2023

    Climate Change debate - Bjørn Lomborg and Andrew Revkin | Lex Fridman Podcast #339

    #79 — The Road to Tyranny - Sam Harris in conversation with Timothy Snyder

    Lucy Piper, WorkforClimate

    Lucy Piper, WorkforClimate

    Today's guest is Lucy Piper, Director at WorkForClimate

    WorkForClimate is a not-for-profit that provides individual employees with clear step-by-step playbooks to help influence and accelerate a company's decarbonization initiatives. Lucy and Cody discuss how climate change can be an intimidating topic and pushing for change inside your company can be risky. And yet it's clear that if the world's corporations don't change quickly to reduce emissions, the effects will be worse.

    So how do we quickly help employees feel educated and empowered to push for change? WorkForClimate solution comes from its playbooks and programs. They've identified four key areas of change that employees can impact: energy, emissions, money, and influence. Lucy and Cody chat about each of these, why they matter, and some of the steps that WorkForClimate recommends employees take to maximize their collective influence. And one thing that isn’t covered, but nonetheless important is that when we take personal agency around climate change, it inspires more people to do the same, encouraging more and more. As organizations realize that these well-informed asks aren't coming from some radical minority, but rather from a significant amount of their employee base, that's ultimately what drives change. 

    In this episode, we cover: 

    • [4:22] Lucy's climate journey
    • [7:39] Employees as influential stakeholders to drive climate initiatives within corporations
    • [12:45] The power of strength in numbers despite risks
    • [14:44] An overview of green teams
    • [15:57] How formally organized groups and sustainability professionals factor into WorkforClimate's playbook
    • [18:00] The areas WorkforClimate focuses on, including energy, emissions, money, and advocacy
    • [23:04] The issue of greenwashing
    • [25:46] An overview of WorkforClimate's playbooks
    • [29:12] Pros and cons employees have to grapple with to inspire corporate action
    • [33:00] WorkforClimate's emissions framework
    • [40:05] The type of companies best suited to collaborate with WorkforClimate
    • [47:15] The money category WorkforClimate addresses, including bank accounts, treasury, and retirement funds
    • [54:28] The role of corporate influence on policy

    Get connected: 
    Cody Simms
    Lucy Piper / WorkforClimate
    MCJ Podcast / Collective

    *You can also reach us via email at info@mcjcollective.com, where we encourage you to share your feedback on episodes and suggestions for future topics or guests.

    Episode recorded on March 22, 2023. 

    Get connected with MCJ: 

    *If you liked this episode, please consider giving us a review! You can also reach us via email at content@mcjcollective.com, where we encourage you to share your feedback on episodes and suggestions for future topics or guests.

    Anat Alon-Beck: Private Markets and Waivers of Stockholder Inspection Rights

    Anat Alon-Beck: Private Markets and Waivers of Stockholder Inspection Rights

    0:00 Intro.

    1:18 Start of interview

    2:01 Anat's "origin story". She grew up in Israel. She practiced corporate law, VC fund formation, startup representation and M&A in Israel before moving to the U.S. 

    7:03 Her academic focus at Case Western Reserve University School of Law (Cleveland, Ohio).

    9:12 On the practice of compelling employees, who are not yet stockholders, to waive their stockholder inspection rights under Delaware General Corporation Law (Section 220) as a condition to receiving stock options from the company. Based on her paper Bargaining Inequality: Employee Golden Handcuffs and Asymmetric Information, triggered by this WSJ article on the DOMO case.

    20:42 Her hand-collected data set consisting of the SEC’s public filings finding that many firms began requiring that their employees sign a waiver clause titled “Waiver of Statutory Information Rights” post Domo (there was a "huge uptick"). NVCA's model legal documents including this waiver clause in its Investors' Rights Agreement.

    27:58 The Good Technology (2018) and JUUL Labs, Inc. v. Grove (2020) cases. Description of classic conflicts of interest in venture-backed companies. Discussion of the "internal affairs doctrine".

    37:35 On dual fiduciaries and "new" conflicts by founders with other common stockholders (prompted by super voting shares, multiple board votes, ff preferred stock, etc). The Trados case. Fiduciary duties of venture-backed company directors. On the shift of control from VCs (preferred stockholders) to founders. "Bargaining power is the key."

    54:32 Take-away thoughts for directors of venture-backed companies. Lawyers as gatekeepers.

    58:06 The 1-3 books that have greatly influenced her life:

    1. Startup Nation,  by Dan Senor and Saul Singer (2009)
    2. Regional Advantage, by AnnaLee Saxenian (2006)
    3. The Capitalist and the Activist, by Tom C.W. Lihn (2022)

    59:34 - Who were your mentors, and what did you learn from them? 

    1. Irit Haviv Segal, from Tel Aviv University
    2. Lynn Stout, from Cornell Law School
    3. Robert Hockett, from Cornell Law School
    4. From NYU: Ed Rock, Helen Scott, Karen Brenner, Gerald Rosenfeld, David Yermack.

    1:00.48 - Are there any quotes you think of often or live your life by? "Be the change that you want to see in the world" "I've always been an activist and that's the mantra that I live by."

    1:01:28- An unusual habit or an absurd thing that she loves: Fricasse (Tunisian sandwich), working out.

    1:02:02 - The living person she most admires: Prof. Jill Fisch (Penn Law).

    Anat Alon-Beck is an Assistant Professor of Law at Case Western Reserve School of Law. Her research examines how legal and regulatory structures influence the shift in equities from public markets to private markets, and the rise in the number of “unicorn” firms.

    __

     You can follow Evan on social media at:

    Twitter: @evanepstein

    LinkedIn: https://www.linkedin.com/in/epsteinevan/ 

    Substack: https://evanepstein.substack.com/

    __

    Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

     

    You can follow Evan on social media at:

    Twitter: @evanepstein

    LinkedIn: https://www.linkedin.com/in/epsteinevan/ 

    Substack: https://evanepstein.substack.com/

    __

    You can join as a Patron of the Boardroom Governance Podcast at:

    Patreon: patreon.com/BoardroomGovernancePod

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    Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

    When Values Align: Employee Readiness and Organizational Goals

    When Values Align: Employee Readiness and Organizational Goals

    The Pandemic. The Great Resignation. Contentious societal and political issues. The challenges we face create unprecedented stress on individuals and families which can seep into the work environment.

    Ethan McCarty, the founder and CEO of Integral, joins The Business Communicators for a discussion on the company’s latest employee activation index (download the report here). McCarty shares insights on how organizations are building more inclusive cultures, why employers need to treat their employees like customers, the biggest challenges facing employers in a post-COVID world, and more.

    Music Credit: Smoke (with Lostboycrow) – Feather 

    EPISODE SPONSOR: From now until Nov 12, renew your IABC membership or join IABC and make the commitment to learning, connecting, and having the resources you need for years to come. The code IABC21 provides a 20% discount on international dues to anyone who renews their membership. For more information, visit IABCHouston.com.

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    Why COVID-19 has Changed Employee Comms; Facebook’s Tumultuous Week

    Why COVID-19 has Changed Employee Comms; Facebook’s Tumultuous Week

    Has your employee communications strategy effectively adapted over the past 18 months? If not, how can it improve moving forward? In the season four premiere of The Business Communicators, Houston Methodist Hospital’s Stefanie Asin and LyondellBasell’s Monica Silva join the podcast to share best practices and tips for communicating and engaging employees with compassion and transparency as we emerge in a post-COVID world.

    Then, Austin, Hattie, and Thomas close the show by discussing the long-term implications of the Facebook outage, the importance of small businesses owning their own channels, and the allegations from whistleblower Frances Haugen.

    Music Credit: Smoke (with Lostboycrow) – Feather 

    EPISODE SPONSOR: From now until Nov. 12, renew your IABC membership or join IABC and make the commitment to learning, connecting, and having the resources you need for years to come. The code IABC21 provides a 20% discount on international dues to anyone who renews their membership. For more information, visit IABCHouston.com.

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    Sukhinder Singh Cassidy: "People Want The Experience They Don't Have In Their Day Job."

    Sukhinder Singh Cassidy: "People Want The Experience They Don't Have In Their Day Job."
    1. (1:50) - Start of interview
    2. (2:23) - Sukhinder's "origin story"
    3. (2:58) - Her start in Silicon Valley in 1997. She characterizes her career as "always building".
      1. Junglee - Amazon ('98-99)
      2. Yodlee ('99-'03)
      3. Google ('03-'09)
      4. Accel-Polyvore ('10)
      5. Joyus ('11-'17)
      6. TheBoardlist ('15-present)
      7. Stubhub ('18-'20)
    4. (6:50) -  Her boardroom experience (J Crew Group, StichFix, TripAdvisor, Ericsson, Urban Outfitters, Upstart...). "Your job is one of influence, and one of bringing specialization - in my case I brought e-commerce and digital [to my first board]." "Boardrooms are increasingly open to the idea of non-CEO specialists - allowing the possibility to bring more modern and diverse skill-sets into the boardroom."
    5. (9:35) - The boardroom diversity problem, and why she founded TheBoardlist in 2015.
      1. Bring more equity to the table.
      2. Bring all the talent to boardrooms.
    6. (11:50) - Why diversity is a bigger problem in private (venture-backed) companies than in public companies.
    7. (13:40) - The evolution of TheBoardlist since 2015. Started as a crowdsourced list of people who could serve on boards, first tapping a group of 30 executives/founders/entrepreneurs such as Reid Hoffman, Michael Dearing and Joanne Bradford - resulting in 600 names added in an excel spreadsheet and a very simple website. Today TheBoardlist has about 17,000-18,000 members, divided in the following categories:
      1. Nominated director candidates.
      2. Nominators
      3. Companies that are searching for board members.
    8. (16:29) - Since then, there have been ~2,000 board searches in TheBoardList.  There has been a 4x increase in board searches since the MeToo and BLM cultural crisis. 75% of board searches are for private companies, 25% for public companies. Within the private companies: equally divided between early, mid and late stage. It's a "discovery platform" (curated list with recommended board candidates) it's not a "placement platform."
    9. (19:09) - Her take on the evolution of venture-backed company boards (and independent directors). "Often the independent board seat goes unfilled after the Series A or B."
    10. (22:28) - Choosing between a private and public company board position. "People want the experience they don't have in their day job." (board allows not only to contribute, but also to learn). Her advice to founders: "Often, you might be able rent unto the board the experience you can't afford to hire yet as a day job." You can craft a board seat for 1 or 2 years.
    11. (26:06) - Attracting more experienced directors to startup boards (as chairs or lead independent directors). Distinction with coaches. CEO reviews. "Every team needs a coach."
    12. (31:24) - Her take on SB-826 and AB-979 (California board diversity laws). "SB-826 has moved the needle." "Tokenism is about how you treat somebody once they get there."
    13. (35:25) - "The one thing that we need and that is missing is a conversation about board terms." Board Refreshment is critical for board diversity.
    14. (36:27) - Her take on dual-class share structures and other control structures.
    15. (39:46) - Her take on the shareholder primacy vs stakeholder debate. "Customer activism and employee activism are real and enduring trends."
    16. (43:41) - Her take on shareholder activism. Conflict between short term results vs long term strategy. "Directors need more courage than ever before." "You need to be both hopeful and paranoid as a director (and willing to put in the work) to help create a company with that bifocal lens."
      1. As a board member, you have to be really attuned to this issue because  there are proven financial returns to activists.
      2. It forces companies to confront issues that they would otherwise not confront in a reasonable time frame.
    17. (47:17) - Her favorite books:
      1. Good to Great, by Jim Collins (2001)
      2. Strategy Beyond the Hockey Stick, McKinsey & Company (2018)
      3. The Seat of the Soul, by Gary Zukav (1989)
    18. (48:48) - Her mentors (her dad was her absolute mentor). Group of mentors in Silicon Valley including founders of Junglee, Omid Kordestani (Google), different board members.
    19. (50:49) - Her favorite quote: "You don't know if you don't try"
    20. (51:00) - Her "unusual habit": shopping, knitting.
    21. (51:38) - The living person she most admires: her Sikh spiritual leader.
    22. (53:14) - Her parting thoughts for directors.

    Ms. Singh Cassidy is currently the Founder and Chairman of theBoardlist, and most recently served as the President of StubHub Inc, the leading global consumer ticketing marketplace for live entertainment. In February 2020, StubHub was acquired by Viagogo for $4bn, in a transaction led by Sukhinder and her team. She is currently a director of Upstart and Urban Outfitters. Ms. Singh Cassidy previously served on the board of Tripadvisor and Ericsson until 2018. Ms. Singh Cassidy holds a B.A. in Business Administration from the Ivey Business School at Western University.

    __

    Follow Evan on Twitter @evanepstein

    Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

     

    You can follow Evan on social media at:

    Twitter: @evanepstein

    LinkedIn: https://www.linkedin.com/in/epsteinevan/ 

    Substack: https://evanepstein.substack.com/

    __

    You can join as a Patron of the Boardroom Governance Podcast at:

    Patreon: patreon.com/BoardroomGovernancePod

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    Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

    Kelly McGinnis on Employee Activism and Earning Profits Through Principles at Levi’s

    Kelly McGinnis on Employee Activism and Earning Profits Through Principles at Levi’s

    Corporate activism has long been sewn into the fabric of Levi Strauss and Company, and over the past seven years, senior vice president and chief communications officer Kelly McGinnis has continued to uphold Levi Strauss’ reputation as a pioneer in tackling social issues. Bringing her background in social work to the table, Kelly has continued to seek out new opportunities to foster change in the corporate world through employee activism, activist partnerships and corporate coalitions. 

    In this episode, Kelly discusses the power of listening to employee opinions, emphasizing that many of the company’s most memorable actions in response to social issues have come straight from their employees. She offers valuable insights into how the company builds advocacy into every level of its operation to amplify causes that they care about and form corporate coalitions that lobby for policy changes.

     

    Featuring:

    Kelly McGinnis (@kellylmcginnis), SVP and CCO of Levi Strauss and Company (@LeviStraussCo).

     

    Host:

    Fred Cook (@fredcook), Chairman of Golin, a global PR firm. Author of “Improvise - Unorthodox Career Advice from an Unlikely CEO” and Director of the USC Center for Public Relations

     

    Follow us: @Center4PR (Twitter, Facebook and Instagram)

    Newsletter: News from the USC Center for Public Relations

    Visit our website: https://annenberg.usc.edu/research/center-public-relations

     

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