The environmental, social and governance movement is adding a “T” for technology.
While at board meetings, Elaine Eisenman makes a point of having conversations with fellow directors about how to meet future human capital needs as technology changes and displaces jobs.
“Massive layoffs are the board’s responsibility because they present an issue of crisis management and reputational risk for the company, as well as social justice,” says Eisenman, the managing director of Saeje Advisors who serves on the boards of DSW, Inc., the publicly traded shoe retail chain, and the privately held consumer products company Miravan, “Putting people in a warehouse filling out resumes and learning computer skills won’t do it.”
Businesses across the board, she explains, are going through an increasingly common challenge: how to ensure they have the tech-savvy workforce they need while also being good corporate citizens when that workforce turns out to be leaner than in the past.
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