Kohl's recently terminated CEO Ashley Buchanan, an action marked by the stark language "for cause." This decision reflects a growing trend among corporate boards to use direct language when addressing serious issues. Experts suggest that, compared to decades past, boards are becoming more emphatic in their communication, particularly in cases involving ethical breaches. This shift serves to maintain credibility and demonstrates accountability, as boards aim to project a no-nonsense approach in the face of perceived malfeasance.
The terse phrasing in Kohl's announcement is a reminder that corporate boards - eager to maintain credibility - will sometimes forgo their word-mincing habits.
Boards now are emphatic about such dismissals, and in a way that they weren't decades ago.
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