[CORPORATE GOVERNANCE]

Why Boards Need to Change

Many companies have launched sustainability and corporate social responsibility programs. But unless there are major changes in how corporate boards operate, such programs are likely to make only temporary progress.

BY EDWARD E. LAWLER III AND CHRISTOPHER G. WORLEY

Sustainability is an increasingly important business issue. There is a growing recognition that the long-term viability of corporations depends on how they impact the environment and society. In response, many companies have initiated sustainability and corporate social responsibility programs. Some of these programs represent good first steps toward improving the impact of their organizations on the environment and society. However, ...