The concept of the celebrity board member has historically been viewed with skepticism by governance observers. The appointment of Shaquille O’Neal to the Papa John’s board may change that
Celebrities like Shaquille O’Neal can make good board members photo credit: ASSOCIATED PRESS
But a closer look at the Papa John’s decision suggests two important governance lessons that offer a more positive view on the recruitment of celebrity directors. From that perspective, Shaq’s board appointment is more of a tip-in and less of a Hail Mary in terms of governance controversy. But of course there are also scores of celebrities whose business ventures have been wildly unsuccessful.
This should be followed by aggressive onboarding efforts, likely beyond that which is necessary for more traditional appointees. The celebrity director should be trained in the nature of the company, its business model, the industry and the competitive landscape in which the company operates and key legal and regulatory issues, among other topics. Given the celebrity’s public profile, particular training on confidentiality and other duty of loyalty considerations will be important.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shaqtastic! Celebrities As Board MembersThe appointment of Shaquille O’Neal to the Papa John’s board may change the way in which nominating committees view the concept of celebrity directors.
Read more »
Santa Anita horse deaths spur state board to move to ban whips in most casesIn a move that is sure to spark a national debate, the California Horse Racing Board took the first step to abolishing the use of the whip in the state when it passed a rule that would restrict jockeys from using a riding crop except in cases when the safety of jockeys or horses is in question.
Read more »
Migrants hijack tanker that rescued them, give up after Maltese troops board shipA Maltese special operations team boarded a tanker Thursday that had been hijacked by migrants rescued at sea and recaptured control of it before escorting it to a Maltese port.
Read more »
Heiress hoax scores woman celebrity treatment, and chargesAnna Sorokin traveled in celebrity circles and tossed $100 tips, all the more reason to believe she was a German heiress. But behind the jet-set lifestyle and pricey threads, prosecutors say she was fraudster who bilked friends, banks and hotels.
Read more »
Tasty waves, a cool buzz: NH man surfs with coffee cup board
Read more »
18 Celebrity Instagrams You Probably Missed This WeekHere's what you might've missed.
Read more »
Exclusive: OPEC struggles to keep Russia on board with oil cut, may offer shorter extensionSaudi Arabia is having a hard time convincing Russia to stay much longer in an O...
Read more »