Word: boardrooms
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Skow begins every business day praying with the top officers at his Integrity Bank. At the main branch in Alpharetta, a wood carving of the Prayer of Jabez hangs over the entryway, and Bibles are stacked up in the boardroom. But to attract customers, Integrity doesn't rely on prayer alone; it offers higher-than-average interest rates on CDs and checking accounts and reimburses atm fees charged by other banks. Some 10% of the bank's real estate loans are to churches--which don't get a special deal. Integrity, with $590 million in assets under management, went public...
Investors with a holy vision are building a pulpit in the boardroom. According to an analysis based on data from investment tracker Morningstar, 58 faith-based mutual funds have formed since 2001, bringing the running total to 142. And faith-based investors' tactics have become much more aggressive: they no longer just shun certain industries, such as tobacco, gambling or weapons manufacturing. Mirroring a greater trend in socially responsible investing, they are now buying stocks and leveraging pressure from the inside to promote their agendas. For instance, Mennonite Mutual Aid funds, which wants companies to be proactive in curbing...
...suspense novel" involving the wife of a Vice President who is hospitalized against her will; hmm, would Martha Mitchell mind? This month will also mark the publication of Conglomerate, by former Congressional Spouse Rita Jenrette; it's a racy story about takeover attempts in both bedroom and boardroom...
...feminist. But I knew that if I said yes, I'd lose the job. So I said no." Other first-time directors, like Actress-Director Lee Grant (Tell Me a Riddle), were cowed with tough-guy analogies: a director must be a field marshal, a quarterback, a boardroom Svengali. "This producer asked me, 'But can you be the captain of a ship?' I was taken aback at the Captain Ahab image of dealing with sailors in a muscular world. Everyone can be a different kind of captain on a different kind of ship and bring in different kinds of results...
Anything that increases transparency in the boardroom is a positive step...