Business & Entrepreneurship

As Germany prepares to enact quotas that will mandate quotas for female participation on major corporate boards, the United States is feeling the pressure to improve board diversity, says Hillary A. Sale, JD, corporate governance expert and professor of law at Washington University School of Law. After years of little growth, the percentage of women directors on U.S. Boards remains at 12 percent.

“Design Thinking and Innovation,” presented in cooperation with KC America’s Creative Crossroads, will be held from 7-9 a.m., Wednesday, April 24 at the Kauffman Center for the Performing Arts in Kansas City. The  interdisciplinary executive education seminar is taught by faculty members from Washington University in St. Louis’ Olin Business School and the College of Architecture.

It’s called Sketch-a-Song. It’s free and it’s designed to make music creation accessible to everyone — even people without formal musical training. WUSTL seniors Jacob Zax and Adam Segal are members of the team of seven high school friends who devoted last summer to creating the app.

Aramark Chef Shane Brassel has won the silver medal at the International Association of Conference Centres Copper Skillet Competition. Brassel is the Executive Chef at the Charles F. Knight Executive Education & Conference Center.

On Monday, April 15, President Obama signed legislation rolling back the disclosure requirements of the STOCK (Stop Trading on Congressional Knowledge) Act, which would have required creation of a searchable, sortable database for the annual financial interest forms of 28,000 executive branch employees as well as highly paid Congressional staff. These forms contain detailed information about employees’ assets, outside income and gifts. Former national security officials raised security concerns about this publication requirement. Current employees filed a lawsuit, resulting in a federal court ruling that publishing such information on the web would violate employees’ right to privacy. “Both the court and the National Academy of Public Administration recognized that federal employees have a legitimate right to privacy regarding their personal financial information,” says Kathleen Clark, JD, government ethics expert and professor of law at Washington University in St. Louis.

On Thursday, April 11, the Senate voted to roll back the STOCK (Stop Trading on Congressional Knowledge) Act, limiting the web-based publication of government employees’ personal financial information. This action comes in response to a federal court ruling that such publication violated employees’ right to privacy and a critical report by the National Academy of Public Administration. “The court recognized that the federal employees have a legitimate right to privacy regarding their personal financial information and ruled that the federal government failed to identify a compelling government interest that would justify posting that personal information on the internet,” says Kathleen Clark, JD, government ethics expert and professor of law at Washington University in St. Louis.

Winners of the eight annual YouthBridge Social Enterprise and Innovation Competition (SEIC) and $164,000 in awards were announced April 10. Winning teams represented community and WUSTL social entrepreneurs. Their social venture ideas ranged widely, covering youth, teens, homeless and collaboration among all types of social enterprises.

On April 15, the Supreme Court will hear oral argument in Association for Molecular Pathology v. Myriad Genetics, a case that could answer the question, “Under what conditions, if any, are isolated human genes patentable?” Kevin Emerson Collins, JD, patent law expert and professor of law at Washington University in St. Louis, believes that layered uncertainties make this case an unusually difficult case in which to predict the outcome.

Filibuster has become a popular tool for legislators. “Republicans have held the U.S. Senate hostage despite their minority status and losses in the last election,” says Merton Bernstein, emeritus professor of law at Washington University in St. Louis. “Indeed, the threat of a filibuster enables the minority to exact concessions that the electorate had already rejected in several elections. This sabotage of the democratic process not only shuts down the legislative process, short circuits the confirmation of presidential nominees, but also threatens large foreign purchases of U.S. bonds that lower interest rates for federal, state and business borrowing.”

Think having an “Employee of the Month” program will motivate your workforce? Think carefully. Award programs may actually be less effective at motivating employees than academic literature suggests, finds new research from Washington University in St. Louis’ Olin Business School and Harvard Business School.