Lisa Shalett: "We Are in a High Velocity Environment of Tremendous Change."

Lisa Shalett, an expert in boardroom diversity and corporate governance, shares insights from her extensive career in investment banking and serving on various boards. She discusses the evolving role of compliance, ESG, and geopolitics. She also emphasizes the importance of diversity, collaboration, and effective board evaluations. Takeaways • Companies should value and embrace diverse perspectives in the boardroom, including digital natives and women. • Involve board directors in assessing their decoupling or de-risking strategies from countries such as China and the US. • Carefulness in navigating polarizing topics and having a risk management strategy are crucial for boards. • Encourage an atmosphere in the boardroom that promotes open discussion and welcomes diverse opinions. • Periodic evaluations are essential to maintaining board effectiveness and ensuring accountability. • To avoid living by default, take proactive measures, avoid being limited by past experiences, and live life by design.