NACD Nominating & Governance Committee Chair Advisory Council: The Role of Activist Investors in the Boardroom
On Nov. 20, 2013, NACD, Heidrick and Struggles, and Sidley Austin co-hosted the 2013 meeting of the Nominating and Governance Committee Chair Advisory Council. The meeting brought together nominating and governance committee chairs from major U.S. corporations with institutional and activist investors for a candid dialogue on the key issues and challenges impacting the nominating and governance committee agenda.
The forum provided timely insights into a number of issues that are shaping nominating and governance committee (and board) discussions, including:
- Key considerations for boards in the new activist environment.
- Potential roadblocks to boards serving as catalysts for change.
- How to reposition the board to constructively engage with management.
- Raising the bar on performance, committee succession planning, and other nominating and governance committee priorities in 2014.
NACD is sharing this summary with directors, stakeholders, and the governance community to help guide and inform the ongoing dialogue concerning important board issues.