NACD - National Association of Corporate Directors
Directorship Magazine September 2011 Issue

Table of Contents

September 2011

COVER STORY

The Directorship 100

FEATURES

THE DIRECTORSHIP 100

The Directorship 100: Governance Professionals and Institutions

The annual list of the most influential governance professionals and institutions.
by NACD Editors

THE DIRECTORSHIP 100

The Directorship 100: Corporate Governance Hall of Fame, Class of 2011

Recognizing those individuals who have made a lasting contribution to the corporate governance and boardroom community.
by NACD Editors

THE DIRECTORSHIP 100

The Directorship 100: Award Winners

Honoring the Public Company Director of the Year and The B. Kenneth West Lifetime Achievement Award Winners
by NACD Editors

THE DIRECTORSHIP 100

The Directorship 100: People to Watch

The People to Watch list highlights those individuals expected to make great strides in the corporate governance world.
by NACD Editors

THE DIRECTORSHIP 100

The Directorship 100: Directors & Officers

The annual list of the most influential directors and officers.
by NACD Editors

NACD DIRECTORSHIP FORUM

Driving Boardroom Innovation

A recent NACD Directorship Forum honored the first class of Board Leadership Fellows and fostered discussion on leadership best practices.
by NACD Editors

DEPARTMENTS

President's Letter

Above All, the Franchise

NACD grows by advocating for the director's perspective to influential policymakers, and creating a constructive dialogue.
by Kenneth Daly

Editor’s Note

Acknowledgements

The NACD Directorship 100 issue is a joint effort of numerous talented individuals.
by Judy Warner

Keeping Count

Debunking Survey Myths

Survey results can be skewed by a number of factors, including who is being surveyed and and self-selection bias.
by Kate Iannelli

Washington Update

PACs Join Dodd-Frank Rulemaking At Top of Washington’s Fall Agenda

Political Action Committees, the rejected proxy access rule and other Dodd-Frank regulations will be the focus of the SEC and lawmakers this fall.
by Alexandra R. Lajoux

NACD Board Leadership Fellow
PROFILE

Profile: Norman R. Augustine

Former Lockheed Martin Chairman and CEO shares his love for adventure travel and the importance of his NACD membership.
by NACD Editors

Verbatim

The Perils of Dodd-Frank

The dean of corporate governance suggests structural reform may one day address “too big to fail” if the regulatory aspects of Dodd-Frank do not reduce systemic risks. An interview with Ira M. Millstein.
by NACD Editors

Sounding the Alarm on Risks Beyond the Director’s Control

J. Michael Cook, former Deloitte chairman and CEO, speaks to the challenges of corporate leadership in a world of uncertain financial risk.
by NACD Editors

Peer Exchange
RISK

Aligning Risk with Strategy

Directors may be spending more time on financial risk at the expense of other concerns, such as strategic business risks.
by Brendan Sheehan

Readings

Understanding the Evolution of Great Leaders

This year's newest leadership advice books emphasize continuous learning and effective listening.
by Elizabeth Mullen

GC Corner

What to Know When Signing a 10-K

Anthony B. Creamer III and Marc S. Gerber on directors' best practices in evaluating a company's 10-K report.
by NACD Editors

Boardroom Journal

POTUS vs. S&P

Standard & Poor's downgrade of the U.S. credit rating brought intense public and government scrutiny.
by Jeffrey M. Cunningham

In Memoriam: John Teets

John W. Teets, former CEO of the Dial and Greyhound corporations, passed away August 5.
by Jeffrey M. Cunningham

A Failure to Communicate

The U.S. Attorney has a long history of declining comments to reporters.
by Jeffrey M. Cunningham

HP Finds Its Way

Hewlett-Packard is making a bold strategic step by spinning off its PC division.
by Jeffrey M. Cunningham

DIRECTOR ADVISORY

COMPENSATION

Say on Pay and Say on Frequency: What We’ve Learned So Far

This year's newly required compensation shareholder votes provide companies an important lesson on improving program designs and disclosures.
by Michael Enos

SOCIAL MEDIA

Boards and a Social Networking-Driven Future

Companies must evaluate how social networking can both help their business and put it at risk to develop an appropriate action plan.
by Bob Zukis

TECHNOLOGY

More Boardrooms Evolve From Paper to iPad

Online board portals are gaining popularity amongst directors, with 1.2 million iPads now used for business purposes.
by Demetrios N. Skalkotos

CRISIS COMMUNICATIONS

Toyota Online: Key Lessons for Corporate Boards

Boards from all industries can learn from Toyota's online response to its recent widespread recalls the value of being prepared for the posibility of a crisis.
by Richard S. Levick

D&O LIABILITY

Coverage for Cyber Risks Is Now Black and White

While many companies believe their present insurance policies would cover a digital security breach, conventional coverages are not intended to address cyber risks.
by Mark Camillo

AUDIT COMMITTEE ROUNDUP

Social Media: Time for a Governance Framework

Even companies who are not active on social media sites are still susceptible to social media risk.
by Sanjaya Krishna and Mary Pat McCarthy

BOARD COMPOSITION

Gender Diversity on Boards: Why Has Change Been So Long in Coming?

The director recruitment process may be a roadblock to prospective women directors, and a reformed recruitment strategy may be necessary.
by Kim Van Der Zon