Advisory Council Reports
Addressing the Challenges of Expanding Board and Committee Agendas
Board agendas continue to evolve and expand in response to emerging issues and fast-moving risk areas—from cybersecurity to heightened global political and economic volatility. Increased attention to corporate culture and environmental and social matters is also adding to boards’ workloads.
In October 2018, NACD, KPMG, Heidrick and Struggles, and Sidley Austin convened a meeting of Fortune 500 company audit committee and nominating and governance committee chairs; the group explored how boards are addressing evolving oversight responsibilities and the impact on committee structures. The discussion resulted in key insights around using ad hoc committees, ensuring that the board’s processes and skills are fit for purpose, and communicating board effectiveness to investors.