NACD - National Association of Corporate Directors
Directorship Magazine July/August 2017 Issue

Table of Contents

July/August 2017

COVER STORY

Dive Into the Best Letters to Shareholders

FEATURES

Warren Buffett’s 10 Commandments for Directors

Ten tips for directors culled from Warren Buffett's letters to shareholders.
by Lawrence A. Cunningham

Experts Consider Clawbacks, How to Select a Compensation Advisor

Six experts on the Leading Minds of Compensation panel discuss clawbacks, how to select a compensation advisor, and more.
by Judy Warner

DEPARTMENTS

CEO’s Letter

Reflections on the Human Spirit

NACD President and CEO Peter R. Gleason on summer reads.
by Peter Gleason

Editor’s Note

A Degree in Letters

Editor-in-chief Judy Warner on CEO letter writing.
by Judy Warner

The Director’s Chair

Harnessing the Corporation’s Power to Serve Society

How a corporation's power can be used to best serve society.
by Arnold A. Pinkson

Keeping Count

Survey of Private Company Directors Sheds Light on Top Board Issues

Analysis of NACD's 2016-2017 Private Company Survey.
by Anying Guo

Delaware Watch

Court Rules on Fiduciary Duties in Limited Partnerships

The Delaware Supreme Court acknowledged that publicly traded limited partnerships face different issues than traditional public enterprises.
by Francis G.X. Pileggi

NACD Board Leadership Fellow

James Lam

Risk Expert. Engaged Director. Diversity Advocate.
by Jesse Rhodes

In Practice

U.S.-Brazil Alignment Is Incentivizing Companies to Settle Corruption Cases

The implications of Brazil's Operation Car Wash on how multinational corporations should address both known and potential misconduct.
by Joan Meyer and Fernando Corrêa da Costa

Compliance Deadline Looms On State Cybersecurity Regulation

How NACD's Handbook on Cyber-Risk Oversight can help directors fulfill their duties under New York's new cyber-risk oversight regulation.
by Judy Selby and Steven R. Chabinsky

Roundtable

Uncertainty Swirls Around the Proposed Border Adjustment Tax

A proposed border adjustment tax means big changes for companies.
by Katie Swafford

Peer Exchange

Board Improvement Needs to Be a Process, Not a Reaction

A discussion on why boards and individual directors need to routinely evaluate themselves to ensure that they are strategic assets to the companies they serve.
by Judy Warner

Perspective

Compensation Advice for PE-Owned Companies

Experts from Meridian Compensation Partners discuss executive compensation issues for private equity firms.
by Marc Ullman, Matthew Isakson, Tom McNeill, and Ryan Harvey

Director Development

How Education Helps Define You

The importance of continuing education as a board member.
by Rochelle Campbell

Entrepreneurial Governance

Three Reasons Most Candidates Don’t Find Board Seats

Why some candidates are not able to immediately find board seats.
by Adam J. Epstein

Private Company Insights

Diversifying Portfolio Company Boards

Companies are looking for more opportunities to add more diversity to their boards.
by Gavin Geminder and Sue Townsen

GC Corner

The Evolving Role of the GC in Risk and Crisis

Robert E. Bostrom talks about how the general counsel can be a board's best strategic asset.
by Kimberly Simpson

Small Talk

Small Talk

Rethinking retirement, hedge fund communities, and the bond between an entrepreneur and his company.
by Jesse Rhodes

Sustainability

Translating Sustainability Into a Language Your Board Understands

Directors are adding discussions on sustainability and environmental, social, and governance (ESG) on their board agendas.
by Denise Kuprionis and Pamela J. Marple

DIRECTOR ADVISORY

Study Observes Major Decline in Female Board Appointees

A new study reveals the current state of gender diversity on boards.
by Bonnie W. Gwin

Rewarding Strategic Investment

How compensation committees can use pay plan redesign to champion long-term strategic investment.
by Blair Jones and Roger Brossy

Strengthening Director Succession Planning

Dennis T. Whalen on why succession planning needs to be a top priority for boards.
by Dennis T. Whalen

How Blockchain Will Disrupt Business

Blockchain is poised to disrupt all businesses.
by Horacio Barakat

Are There Threats Lurking in the Shadows of Your IT?

With the increased use of Shadow IT comes more questions and concerns about cybersecurity.
by Daniel Wilson

Outside the Boardroom Bubble: How Is Your Board Assessing Customer Needs?

Ensuring that boards are properly and efficiently assessing customer needs.
by Phyllis Deiso

The Dos and Don’ts of Overseeing an Accounting Investigation

Key considerations for boards in anticipating and responding to whistleblower complaints.
by Marc Fogarty