Introduction
This review is about the article ‘Sustainability in the Boardroom’, written by: Lynn S. Paine. Lynn S. Paine is a John G. Mclean Professor of Business Administration and senior associate dean for faculty development at Harvard Business School and also the coauthor of Capitalism at Risk: Rethinking the Role of Business and the author several other Harvard Business Review articles. The article, published by Harvard Business
Review in 2014, includes 9 pages. Vol. 92, Issue 7/8.
A committee dedicated solely to corporate responsibility or sustainability is a useful addition to many, if not most boards in at least five ways: as a source of knowledge and expertise, as a sounding board and constructive critic, as a driver of accountability, as a stimulus for innovation, and as resource for the full board.
No more than 10% of U.S. public company boards have a committee such as Nike has. The committee has proven to be a successful addition for Nike. In this article it will be explained why the committee has been successful by looking at how the corporate responsibility committee has served each of these functions.
The five ways are stated in the one-sentence summary. Conwell had set up the committee board at Nike using her knowledge and expertise. The committee board has been founded with a reason. Committee board has to address the risks and opportunities arising from problems such as climate change, water pollution, corruption and uneven access to wealth, health, and education. The board has various ways of achieving these goals. They try to create a source at which workers can speak freely, they give feedback, the answer questions, handle difficult situations, hold meetings, evaluate the company, giving advice and so forth. The committee board has proven itself to be an useful addition to the company.
BODY
Strengths
The article gave a well brief