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WASHINGTON, DC (June 9, 2020) – The National Association of Corporate Directors (NACD), the authority on boardroom practices representing more than 21,000 directors, today released the NACD May 2020 COVID-19 Pulse Survey, which revealed the trends and governance challenges that corporate directors expect to tackle over the next three months. Designed to better understand the challenges that boards are facing as the COVID-19 pandemic evolves, the survey gathered thoughts and opinions from more than 300 directors and built on the insights garnered from the organization’s March COVID-19 poll.
Corporate boards, both private and public, need to address cyber threats and protect against attacks. Melissa Krasnow, VLP Law Group partner, discusses findings from two recent National Association of Corporate Directors surveys that can be useful to boards to benchmark their companies’ cyber-risk oversight practices.
The sweeping national conversation on social justice and systemic racism presents a crucial inflection point for business and its commitment to social responsibility.
Corporations have been taking a hard look at the diversity within their ranks, facing pressure from customers, their employees and shareholders. Goldman Sachs is starting a new policy Wednesday: It won’t help a company with its initial public offering unless the company’s board has at least one diverse member. Next year, it will require at least two.
WASHINGTON, DC (NOVEMBER 19, 2020) – The World Economic Forum (the Forum), the National Association of Corporate Directors (NACD,) and the Internet Security Alliance (ISA) today announced a collaborative effort to provide new guidance for directors to effectively oversee cyber risk for their organizations.
WASHINGTON, OCTOBER 30, 2020—The National Association of Corporate Directors (NACD), the authority on boardroom practices representing more than 21,000 corporate board members, today announced the formation of a network of leading governance education providers to better prepare current and future board directors for the rigors of the increasingly complex and challenging work of directorship. Stanford University’s Rock Center for Corporate Governance, the founding member of the NACD Education NetworkTM, is joined by Columbia Business School Executive Education and Drexel University’s Raj & Kamla Gupta Governance Institute.
WASHINGTON, OCTOBER 13, 2020—The National Association of Corporate Directors (NACD), the authority on boardroom practices representing more than 21,000 corporate board members, in collaboration with Deloitte and supported by CACI and USAA, today announced the winners of its third annual NACD NXT® Recognition Awards, part of a multiyear initiative to help directors and boards understand how they can leverage the power of diversity, equity, and inclusion to create long-term value.
WASHINGTON, DC (September 30, 2020) – The National Association of Corporate Directors(NACD), the authority on boardroom practices representing more than 21,000 board members, today announced a new program to advance boardroom diversity. The program, called NACD Accelerate, will seek new ways to provide high-potential executives with the education and exposure they need to chart a path to directorship.
We can safely defer the discussion about whether artificial intelligence will eventually take over board functions. We cannot, however, defer the discussion about how boards will oversee AI — a discussion that’s relevant whether organizations are developing AI systems or buying AI-powered software. With the technology in increasingly widespread use, it’s time for every board to develop a proactive approach for overseeing how AI operates within the context of an organization’s overall mission and risk management.
As boards become more engaged with issues of ESG--environmental, social, governance--what does it mean to have effective oversight of these areas?
Cybersecurity oversight is a key fiduciary responsibility for a board of directors and was a significant concern for companies even before the COVID-19 pandemic forced so many organizations to suddenly shift to remote work. Data breaches and other cyber threats pose significant competitive, reputational, and litigation risks and require increasingly costly investments to prevent, detect, and respond to. Changes in the environment as a result of the pandemic have created new risks that need to be managed with board oversight.
"Very remote." That is how John Hitchins, a nonexecutive director at two U.K. companies, summed up what many corporate boards thought not so long ago of the likelihood of a pandemic suddenly disrupting countless businesses around the world. Then COVID-19 arrived in the early months of 2020.