Silicon Valley's actions have been in the news throughout the year.
From a now ex-Google (GOOGL) - Get Report worker penning a missive on the lack of workplace diversity to Uber's internal meltdown to the Equifax (EFX) - Get Reporthack, the tech crowd has come under heavy fire from critics. But despite the heavy dose of bad press, PayPal (PYPL) - Get Report CEO Dan Schulman believes Silicon Valley could be fixed -- and it very much starts with getting the board composition right.
First and foremost, Schulman tells TheStreet that he thinks companies must know where they are going before establishing a good board. Schulman was optimistic that Silicon Valley's culture, which in many respects stems from the board, could be fixed.
"I absolutely believe that companies have a moral obligation to be a force for good -- that means you have to act on it, not just talk about it." Added Schulman, "technology can play a great role in being an inclusive force, and I think it has to do that -- it can not drive further divide, we have enough of that in our world and country."
Schulman knows a thing or two about boards. He is the current chairman of Symantec (SYMC) - Get Report , former president of Nextel, former CEO of Virgin Mobile USA and the former CEO of Priceline (PCLN) .
Shares of the digital payments company have surged 61% this year, blowing away Facebook (FB) - Get Report , Apple (AAPL) - Get Report and JPMorgan (JPM) - Get Report . The company is striking new deals to open up its platform to others such as Facebook and Baidu (BIDU) - Get Report .
"I think digital payments is in its infancy right now, and what I think the market is looking for are pure plays in what is unfolding in the future," Schulman explained.
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