Lanvin Group is a global luxury fashion group that owns the oldest operating French couture house Lanvin, Italian luxury shoemaker Sergio Rossi, Austrian.
Debra Lee
When the music industry halted business in June to reflect on systemic racism, former BET chairman/CEO
Debra Lee knew exactly where she wanted to get to work: corporate boardrooms. That s where the power is, says Lee, who in January launched consulting firm The Monarchs Collective with the goal of putting more BIPOC folks in those advisory and leadership roles. It s amazing how many people don t know about boards or the benefits of serving on a board.
Serving on a board gives executives access to an array of perks that boost careers and bank accounts: fees, company stock and invaluable networking opportunities. Acting as a fiduciary to the shareholders of public companies, board members can also use their authority to fire senior executives. The 2020 U.S. Spencer Stuart Board Index reported that the average total compensation for nonemployee directors (excluding independent chairs) is around $308,462, which mostly comes from stock grants, as well as cash payments.