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Recent news that Kohl’s fired CEO Ashley Buchanan over an undisclosed conflict of interest has sent shockwaves through the corporate world.
According to the WSJ, Buchanan directed the company into a multimillion-dollar deal involving a romantic partner without disclosing the relationship, as required by Kohl’s code of ethics. A Kohl’s board investigation found that Buchanan violated the company’s code of conduct in two instances with a vendor with whom he had a personal relationship and whom it didn’t name, according to a regulatory filing.
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Learn the benefits, limitations, and strategies to benchmark your program effectively.
How can boards help activate their organizations’ ESG principles?
Cut the legalese and corporate jargon—it’s time your code reflects your culture.
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