What should investors expect from Uber's board of directors in regards to the recent controversy? originally appeared on Quora - the place to gain and share knowledge, empowering people to learn from others and better understand the world.
If I were an investor in Uber, I would expect and demand independence in investigations of the sexual harassment allegations.
The key manifestation of independence in the current circumstances would be for the board to ask a panel made of third parties, unconnected to the board, to investigate the incidence of sexual harassment and the broader culture of bullying in the company.
The panel should be made of scholars and specialists in organisational culture and leadership, whose reputations in their fields have been made over several years and who will have much to lose by doing a shoddy job on the investigation.
The panel ideally should not contain only people of a certain gender or ethnicity. That may be a tricky balance to strike with the previous point but not impossible.
The panel should design the investigation and share the model with the board but not be obliged to take the board's input especially if it seeks to expedite or limit the scope of inquiry. Uber has raised a not inconsiderable amount of money and the investors' interest is paramount.
The panel should be free to talk to any employee without needing to inform the board in advance. That is what independence would require.
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