Silicon Valley's actions have been in the news throughout the year.

From a now ex-Google (GOOGL) worker penning a missive on the lack of workplace diversity to Uber's internal meltdown to the Equifax (EFX) hack, the tech crowd has come under heavy fire from critics. But despite the heavy dose of bad press, PayPal (PYPL) 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) , former president of Nextel, former CEO of Virgin Mobile USA and the former CEO of Priceline (PCLN) .

PayPal (PYPL) has been rewarded for doing things correctly

Shares of the digital payments company have surged 61% this year, blowing away Facebook (FB) , Apple (AAPL) and JPMorgan (JPM) . The company is striking new deals to open up its platform to others such as Facebook and Baidu (BIDU) .

"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.

For more on boards, check out TheStreet's BoardEx relationship management platform.

Alphabet is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells GOOGL? Learn more now.

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