NACD Library

A Practical Guide: Fundamentals for Corporate Directors

A Practical Guide: Fundamentals for Corporate Directors Cover
Series: Directors Handbook Series
Product Code: DHS-018
Publication Date: 2012
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Resource Description:

A Practical Guide draws on current guidelines and recognizes that the key determinants of successful directors tend to hold true for all firms: large or small, publicly or privately held, and for-profit or nonprofit. This book is intended as a primer for those who are new to the boardroom: It provides a convenient summary of the function and structure of the board and its major committees, and it outlines a director’s most important responsibilities. 

This handbook includes the following topics and themes:

  • The structure of the board including the function and composition of major board committees
  • The role of the board in terms of its legal authority and relationships
  • The directors’ fiduciary obligations and practical guidelines for individual directors and the board in discharging these duties
  • The liability risks faced by directors
  • The importance of ethics in the world of corporate governance
  • Checklist of important tips for directors and boards