Showing posts with label fiduciary responsibility. Show all posts
Showing posts with label fiduciary responsibility. Show all posts

Thursday, April 2, 2026

AI gaps in the boardroom are becoming a reputational risk; Axios, April 2, 2026

 Eleanor Hawkins, Axios; AI gaps in the boardroom are becoming a reputational risk

"The big picture: Companies across every industry are being forced into rapid AI-driven transformation, but many corporate boards lack the expertise to guide strategy, manage risk or communicate decisions credibly to stakeholders.

By the numbers: Only 39% of Fortune 100 boards have any form of AI oversight, such as committees, a director with AI expertise, or an ethics board, according to McKinsey research.


Another recent report found that only 13% of S&P 500 companies have at least one director with AI-related expertise.


Similarly, McKinsey's survey of directors found that 66% say their boards have "limited to no knowledge or experience" with AI, and nearly one in three say AI does not even appear on their agendas.


And a report from the National Association of Corporate Directors (NACD) found that only 17% have established an AI education plan for directors, and 6% have a dedicated committee to oversee AI.


Between the lines: Having an AI-savvy board is a major competitive advantage, according to a recent MIT study."

Tuesday, February 24, 2026

Louvre Director Resigns, Months After Burglars Stole Crown Jewels; The New York Times, February 24, 2026

 , The New York Times; Louvre Director Resigns, Months After Burglars Stole Crown Jewels

Laurence des Cars’s departure is the latest setback for the world’s largest museum. Her tenure was marred by labor strikes, water leaks and security lapses that led to the heist in October.

"Laurence des Cars, the first female president of the Louvre Museum, resigned on Tuesday, less than three months after an audacious theft raised thorny questions about security at one of the world’s most famous museums.

Ms. des Cars submitted her resignation to the French president, Emmanuel Macron, who had appointed her in 2021 and championed her plans for an ambitious refurbishment of the museum, known as “Louvre — New Renaissance.”

The president’s office said in a statement that Mr. Macron had accepted Ms. des Cars’s resignation “as an act of responsibility at a time when the world’s largest museum needs both stability and a strong new impetus to successfully complete major security and modernization projects.”

Ms. des Cars’s resignation came a day before she was scheduled to testify before the French Parliament about the security lapses that led to the theft of a collection of jewels, which were valued at more than $100 million."

Friday, March 18, 2022

Head of security at FSU's Strozier Library charged with theft of thousands of rare comics; Tallahassee Democrat, February 7, 2022

Karl Etters, Tallahassee Democrat; Head of security at FSU's Strozier Library charged with theft of thousands of rare comics

"There are only four keys to the lock protecting a half-million dollars worth of comic books housed in Florida State University’s Strozier Library.

Todd Peak, the library’s head of security, had access to one of them.

Peak, 38, was arrested by FSU Police on Friday on charges that, in 2020, he stole nearly 5,000 comics from the Robert M. Ervin Jr. Collection. Throughout the next two years, police said, he sold them to private buyers and comic book stores throughout the area."

Monday, June 22, 2020

2 Sentenced to House Arrest in Long-Running Scheme to Steal Rare Books; The New York Times, June 20, 2020

, The New York Times; 2 Sentenced to House Arrest in Long-Running Scheme to Steal Rare Books

[Kip Currier: We've been exploring this egregious breach of public trust and abject dereliction of institutional leadership as a case study in the new The Information Professional in the Community graduate course I launched this term.

Glaring and appallingly negligent instances of organizational malfeasance and breach of fiduciary responsibility -- over the course of more than 20 years -- are replete throughout this sordid saga. Much, if not all, of what was perpetrated by the morally-deficient defendants, archivist Gregory Priore and local bookshop owner John Schulman, was foreseeable and preventable by those charged with the duties of safeguarding and shepherding our cultural heritage and scientific treasure. Organizational leaders and Boards should also be held accountable for these kinds of ethical lapses and fiduciary failures that occur on their watches.]


"Patrick Dowd, board chair of the Carnegie Library of Pittsburgh, said the thefts “will forever raise doubts about the security of all future charitable donations, particularly to the Carnegie Library.”"

Wednesday, April 4, 2018

Carnegie Library warned in 1991 to move rare books to libraries with tighter security, better climate control -- but never did; Pittsburgh Post-Gazette, April 4, 2018

Marylynne Pitz, Pittsburgh Post-Gazette; Carnegie Library warned in 1991 to move rare books to libraries with tighter security, better climate control -- but never did

"In 1991, two rare book appraisers alerted Carnegie Library of Pittsburgh leaders that its valuable collection of centuries-old maps and rare books would be much safer and better preserved in more secure, nearby research libraries, either at the University of Pittsburgh or Carnegie Mellon University.
The collection was never moved."

Monday, August 22, 2016

Record Crowds And A Growing List Of Challenges As America's National Parks Turn 100; Here & Now, WBUR, 8/22/16

[Podcast] Here & Now, WBUR; Record Crowds And A Growing List Of Challenges As America's National Parks Turn 100:
"The National Park Service is planning a huge celebration this week in Yellowstone to honor the centennial of the America’s park system. Visits are booming, but American parks are also facing problems, including a multibillion-dollar maintenance backlog.
Here & Now’s Jeremy Hobson discusses with parks director Jonathan Jarvis.
Guest
Jonathan Jarvis, director of the National Park Service. He tweets @JonsMoustache. The park service tweets @NatlParkService."

Monday, February 1, 2016

Suffolk University’s board taking a PR hit; Boston Globe, 2/1/16

Adrian Walker, Boston Globe; Suffolk University’s board taking a PR hit:
"Ultimately, McKenna wanted to dislodge Suffolk’s entrenched power structure — which includes Regan, who has managed to maintain an outsized influence since he left the Suffolk board.
He resigned several years ago after Coakley, ironically, charged that it was a conflict of interest for a board member to also hold a $366,000 annual contract to be the school’s public relations czar. But Regan didn’t need a title to maintain his juice with the board. It doesn’t hurt that his deputy remains on the board...
Lost in the maneuvering is the fate of the school itself. Honestly, who would want to work for this board? Or become a serious donor? The guys who run Suffolk like to say all they care about is the school and its mission. But everything they are doing says just the opposite."