NACD - National Association of Corporate Directors
Directorship Magazine April/May 2011 Issue

Table of Contents

April/May 2011

COVER STORY

A New Chairman in Town

FEATURES

WHAT SOCIETY THINKS?

Main Street’s View of Directors Improves

The second annual landmark survey of Main Street, C-suite and director attitudes on American corporate governance.
by Brendan Sheehan

THE BOARDROOM GUIDE FOR NEW DIRECTORS

A Performance in Three Acts

What directors need to know before joining an audit committee.
by Catherine L. Bromilow

THE BOARDROOM GUIDE FOR NEW DIRECTORS

A Dodd-Frank Cheat Sheet for New Directors

The Dodd-Frank Act introduced many new regulations on governance and compensation.
by Michael R. Littenberg

THE BOARDROOM GUIDE FOR NEW DIRECTORS

Securing Your First Public Company Board Seat: Mission Possible

New and seasoned directors met recently to discuss best practices and share experiences.
by Judy Warner

NACD DIRECTOR COMPENSATION REPORT 2010-2011

Compensation Rises With the Market

Market recovery and pay structure lead to rebound in director compensation.
by NACD Editors

ROUNDTABLE: THE 2011 AUDIT COMMITTEE AGENDA

Healthy Skepticism Rules

Risk and compliance top the agendas of the audit committee chairs and members convened for the 7th annual Audit Committee Issues Conference.
by Judy Warner

DEPARTMENTS

President's Letter

Governance Revolution

Directors must communicate their worth to those outside the boardroom.
by Kenneth Daly

Editor’s Note

Perception vs. Reality

How directors perceive the economy can affect decision making.
by Brendan Sheehan

The Director’s Chair

The Role of Corporate Directors vs. Operating Executives

Directors and operating executives have distinctly separate roles with a common goal: long-term shareholder value.
by Rita Foley

Washington Update

Proxy Tea Leaves Foretell Future Regs

The first proxy season with Dodd-Frank regulations in place signals what directors can expect for future rules.
by Alexandra R. Lajoux

Peer Exchange
DIRECTORS

The Making of a Great Lead Director

The rise in the role of lead director provides more reliable criteria for selection. At a recent Roundtable, board members agreed that the responsibilities of this increasingly popular role may range from facilitating meetings of independent directors to leading the company in times of duress.
by Elizabeth Mullen

Readings

More Practical Advice From Two Masters of Simplicity

The Talent Masters provides a glimpse into General Electric's talent management techniques.
by Elizabeth Mullen

GC Corner

When the Whistle Blows, Will You Be Ready?

Next steps for GCs and directors.
by NACD Editors

Perry’s flat tax: Some missing homework, but a solid B+

Texas Gov. Rick Perry has announced a plan, which he outlines in today's Wall Street Journal, to replace the corrupt and inefficient internal revenue code with a flat tax. Let's review his proposal, using the principles of good tax policy as a benchmar...
by NACD Editors

Boardroom Journal

The SEC Wants Your Resumé

Companies must now provide the SEC with more information on a new director's background.
by Jeffrey M. Cunningham

Governance is Free

Investing in director education can help prevent costly oversight errors.
by Jeffrey M. Cunningham

DIRECTOR ADVISORY

Audit Committee Roundup

Cloud Adoption Points to IT Risk and Data Governance Challenges

IT and emerging technologies are top oversight concerns, reported audit committee members at the KPMG 2011 Audit Committee Issues Conference.
by Steven Hill and Mary Pat McCarthy

Recruitment

Risk: A Four-Letter Word No More

Risk is not something to be avoided, rather, it is a critical strategic element.
by Steve Mader

Leadership Development

Demystifying the CEO Succession Process

Directors must have a plan in place for one of their most important duties: choosing the next CEO.
by Keith Meyer