100% agree. How do we get real fiduciaries on these boards? Do we have to wait until they're traded in NY and hedge funds and activists push for change? If so can the companies survive until then?
I think it'll have to be earlier because some companies just won't survive to make it to the big boards. Also I think some forward thinking lenders will start to push for change from behind the scenes as bad experiences continue to pile up.
There are experts in the field who can step into a governance or advisory roll. Capital providers could seek them out, and should be willing to ignore that they may not have the academic or other typical backgrounds that often define a candidate.
100% agree. How do we get real fiduciaries on these boards? Do we have to wait until they're traded in NY and hedge funds and activists push for change? If so can the companies survive until then?
I think it'll have to be earlier because some companies just won't survive to make it to the big boards. Also I think some forward thinking lenders will start to push for change from behind the scenes as bad experiences continue to pile up.
There are experts in the field who can step into a governance or advisory roll. Capital providers could seek them out, and should be willing to ignore that they may not have the academic or other typical backgrounds that often define a candidate.