Nominating and Governance Committee Chair Advisory Council: Finding the Right CEO in a Challenging Environment

In brief: Prior to the coronavirus disease 2019 (COVID-19) being declared a pandemic by the World Health Organization, NACD, with cohosts Heidrick & Struggles and Sidley Austin, convened a group of Fortune 500 nominating and governance committee chairs in Washington, DC, to discuss CEO-succession planning in a crisis and the role of the CEO overall. The group’s discussion highlighted some of the key steps to forming a search committee whose members can help find the right CEO for a challenging environment, as well as key considerations for nominating and governance chairs around the future of corporations.

This resource can help your board to 

• develop the CEO-succession plan through the crisis,
• address the composition of the search committee, and
• consider the implications of the public’s level of trust in corporations.

Most relevant audiences: nominating and governance committee chairs, nominating and governance committee members, and lead directors