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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 (AUGUST 10, 2018) – The National Association of Corporate Directors(NACD), the authority on boardroom practices representing more than 19,000 corporate board members, today announced the appointment of 12 additional members to its General Counsel Steering Committee, which brings this influential group responsible for guiding NACD’s Strategic-Asset General Counsel initiative to a total of 59 members.
WASHINGTON, DC (August 7, 2018) -- The National Association of Corporate Directors (NACD), the authority on boardroom practices representing more than 19,000 board members, today announced 129 corporate directors who have earned NACD Fellowship—The Gold Standard Director Credential®. These corporate directors serve on the boards of Fortune 500, nonprofit, and private companies that include the following organizations:*
WASHINGTON, DC (JULY 18, 2018) -- The National Association of Corporate Directors (NACD), the authority on boardroom practices representing more than 19,000 corporate board members, today announced the 2018 NACD Directorship 100, an annual recognition of the leading corporate directors, corporate governance experts, policymakers, and influencers—leaders who significantly impact boardroom practices and performance. Through an annual award, NACD has for four decades recognized individual directors who serve as role models in promoting exemplary board leadership, oversight, and courage in the boardroom.
WASHINGTON, DC (JUNE 13, 2018) – The National Association of Corporate Directors (NACD), the authority on boardroom practices representing more than 19,000 corporate board members, today announced that William “Bill” McCracken has been elected vice chair of the NACD board of directors, effective immediately.
WASHINGTON, Aug. 20, 2018 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE:FCN) today announced that Jason Frankl, a Senior Managing Director in the firm's Forensic & Litigation Consulting segment, has been named to the 2018 National Association of Corporate Directors ("NACD") Directorship 100 list, which highlights the most influential leaders in corporate governance.
Expectations and demands on credit union boards have never been greater. Challenges of ever-changing business trends and industry disruption, especially related to technology and cybersecurity, require advanced skill levels and continuous learning. When you add the constant demands of contributing to and overseeing strategy, it means that credit union directors must up their game. Directors need the background, skills, and a commitment to continuous improvement through learning to execute their responsibilities as board members, to handle strategic challenges and to make sure management is up to the test.
LOS ANGELES, Aug. 16, 2018 (GLOBE NEWSWIRE) -- The Southern California Chapter of NACD today announced the expansion of its chapter leadership with the appointments of Richard Munro, Lisa Quateman, and Erin Selleck to its Board of Directors. The chapter also previewed its upcoming USC Marshall Corporate Directors Symposium (USCMCDS), cohosted with the USC Marshall School of Business. The 2018 USCMCDS, Governing in the Digital Age: Board Leadership Matters, will be held Thursday, November 8, 2018, from 7:30 a.m. to 5:00 p.m. at The California Club in Los Angeles.
Tesla CEO Elon Musk is in some hot water with regulators. That tweet he tossed off last week — when he went public about possibly taking Tesla private and having the funding already lined up — unleashed a raft of lawsuits. And members of Tesla’s board of directors are reportedly lawyering up. What do they have to worry about? Just about everything Musk does that could hurt shareholders. It comes with the territory.