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Roger Raber, ordained as a Roman Catholic priest as a young man, later found his calling as an advocate for better corporate governance.
In December, the Center for Audit Quality released The Auditor’s Report: Considerations for Audit Committees. The new tool is designed to assist audit committees navigate the new auditor’s reporting model (See our October 30, 2017 post) by summarizing the changes and offering questions to facilitate dialogue among audit committees, auditors and others.
Successful director onboarding and orientation lets the new director hit the ground running with the right information and corporate context to make a difference from the start. Directors starting with a new board have substantial business experience, though there may be gaps in the immediate application—understanding what the company does precisely and how the company accomplishes its mission.
In the past year, there have been scores of reported misconduct in companies across virtually every industry and sector. From Weinstein to Wynn, from Volkswagen to Wells, the behavior of executive leaders has resulted in the dismissal of executive leaders, thousands of lawsuits, and tens of millions of dollars in fines and lost business. As questions about the accountability of boards and CEOs for these actions have accumulated, directors and executive suite leaders have been wrestling with the question of how they can exercise their influence to promote, sustain, and monitor a workplace culture that maximizes organization performance and adheres to core values. Here is some guidance about how to do that.
WASHINGTON, DC (December 20, 2018) — The National Association of Corporate Directors (NACD), the authority on boardroom practices representing more than 20,000 corporate board members, today issued its annual call for nominations for the 2019 NACD Directorship 100. This call for nominations also includes the NACD Lifetime Achievement Award and the NACD Director of the Year award.
WASHINGTON, DC (DEC. 13, 2018) – The National Association of Corporate Directors (NACD), the authority on boardroom practices representing more than 20,000 board members, today released its 2019 Governance Outlook: Projections on Emerging Board Matters, an annual road map to guide corporate directors and senior executives as they tackle business and governance issues throughout the coming year.
WASHINGTON, DC (DECEMBER 10, 2018) – The National Association of Corporate Directors (NACD), the authority on boardroom practices representing more than 20,000 corporate board members, today announced that Dona D. Young has been elected to the NACD board of directors, effective January 1, 2019.
WASHINGTON, DC (December 6, 2018) – The National Association of Corporate Directors (NACD), the authority on boardroom practices representing more than 20,000 board members, today released its 2018–2019 NACD Public Company Governance Survey, an annual survey that reveals trends and insights for board governance of public companies across the country. Changes in the regulatory climate, the prospect of an economic slowdown, and worsening geopolitical volatility topped the list of concerns for 2019 in this survey of more than 500 public-company directors. Artificial intelligence is ranked as the biggest technology disruptor but also the biggest business enabler.
The cyber risk landscape is quickly evolving and cyber breaches are becoming increasingly common. Organizations have been slow to catch up with the new threat landscape. The fastest growing threats today are coming from outside the network — digital and social media and third party vendors. Yet organizations are still organized to focus primarily on more traditional IT security risk management They are not updating their processes and policies or investing in tools and technologies to comprehensively address the latest and fastest growing threats. As the cyber risk landscape evolves, cyber risk management must evolve as well to truly ensure security, privacy and data protection. In addition, the public’s awareness of the importance of digital risk management and attention to how companies handle data and privacy is increasing. Digital risk management can affect consumer trust, customer loyalty and even shareholder value.
This is the latest edition of an ongoing series exclusive to the Business Journal from the National Association of Corporate Directors New England chapter, offering a preview of a panel on proxies and disclosures.
Despite the media attention on issues of diversity, the pace of progress around diversity in corporate boardrooms remains challenging. Half—49.5 percent—of United States boards in the U.S. Russell 3000 Index currently have two or more female directors, but only 17 percent of the total of boardroom seats on the Index are held by women.
In December 2018, the National Association of Corporate Directors (NACD) published its “2018–2019 Public Company Governance Survey” report, a key barometer of economic and governance concerns from the perspective of board directors in which cyber risks feature once again. To compile the report, the NACD surveyed more than 500 board directors from both large and small public companies.