NACD - National Association of Corporate Directors
Directorship Magazine June/July 2011 Issue

Table of Contents

June/July 2011

COVER STORY

Who Will Succeed Buffett?

FEATURES

NACD DIRECTOR COMPENSATION REPORT 2010-2011

Retainers and Equity More Prevalent in Director Pay

Over half of director pay is now provided in equity form, while overall pay was consistent with company performance, finds the NACD Director Compensation Report 2010-2011, produced in conjunction with Pearl Meyer & Partners.
by NACD Editors

IN THE C-SUITE

Defining the Future of Freddie Mac

From government life support to an uncertain future, new leadership at Freddie Mac tries to stay focused on the here and now.
by Brendan Sheehan

BOARDROOM GUIDE TO CEO SUCCESSION

Strengthening CEO and Executive Succession

Institute of Executive Development Founder Scott Saslow highlights key steps in the succession process.
by Scott Saslow

BOARDROOM GUIDE TO CEO SUCCESSION

Achieving Sustainable Growth Through Leadership

Boards must diversify their CEO successor portfolio as regulators and shareholders demand succession plans.
by Brendan Sheehan

BOARDROOM GUIDE TO CEO SUCCESSION

A View From a Departing CEO

Retiring AmerisourceBergen CEO David Yost on fostering a replacement CEO.
by David Yost

BOOK EXCERPT

What’s the Value of Corporate Governance?

A new book examines the links between formal board independence and improved corporate outcomes.
by NACD Editors

DEPARTMENTS

President's Letter

Witness on the Hill

NACD President and CEO Ken Daly recounts his experience testifying on Dodd-Frank whistleblower rules on Capitol Hill.
by Kenneth Daly

Editor’s Note

Power to the People

Although technological advancements may allow companies to hold virtual annual meetings, both investors and executives can benefit from convening in person.
by Brendan Sheehan

The Director’s Chair

The Turnaround Director

Directors involved in a company turnaround must employ good business judgment and common sense to ensure a successful transition.
by Michael Pocalyko

Washington Update

After the Fireworks

Moving from Dodd-Frank ‘revolution’ to stronger self-regulation.
by Alexandra R. Lajoux

Verbatim

Sen. Tim Johnson on Protecting Dodd-Frank

Senator Tim Johnson says it’s important that a balance be struck between shareholder rights and board autonomy.
by NACD Editors

In Practice

What’s Your Compensation Philosophy?

Lack of a cost-control objective can devalue most comp plans.
by Marc Hodak

Readings

Good Strategy, Bad Strategy

To get smarter at strategy, directors need to insist on a short list of key challenges— and ask what is being done about them.
by NACD Editors

GC Corner

Pay Close Attention to Financial Reporting About Litigation

Directors must take care with litigation exposure disclosures.
by NACD Editors

Boardroom Journal

Boardroom Journal

The Critic Takes the Hindmost; Warning: Truth Spoken Here; It's the Economist, Stupid.
by Jeffrey M. Cunningham

The Critic Takes the Hindmost

Innovations pitched by Apple's Steve Jobs exemplify the need to give ideas time to grow before abandoning them.
by Jeffrey M. Cunningham

Warning: Truth Spoken Here

Jamie Dimon writes on regulations, bailouts and optimism in his 2010 shareholders letter.
by Jeffrey M. Cunningham

It’s the Economist, Stupid

Warren Buffet's hypothetical musings ring true.
by Jeffrey M. Cunningham

DIRECTOR ADVISORY

Crisis Management

The Time Is Now to Link Succession Planning to Compensation

If solid succession plans increase shareholder value, then executive compensation should be linked to succession planning effectiveness.
by Gary C. Hourihan

Audit Committee Roundup

Don’t Forget the ‘Offensive’ Side of IT Risk

In addition to protecting companies from IT risk, boards must also ensure technological innovations are properly explored so the company does not fall behind.
by Steven Hill and Mary Pat McCarthy

Crisis Management

For Directors, Shareholder Activism Is Now a Digital Phenomenon

Shareholders are increasingly using social media to gain support for their causes.
by Richard S. Levick