Key Agreed Principles to Strengthen Corporate Governance for U.S. Publicly Traded Companies
The Key Agreed Principles to Strengthen Corporate Governance for U.S. Publicly Traded Companies, from NACD, are a new set of principles intended to guide corporate leaders, and are the cumulative effort of many organizations and individuals to find a truly shared set of ideas to improve the internal functioning of America's boardrooms. The principles help directors test their current practices rather than check "a required box" on a mandated evaluation form, and help corporate boards make governance decisions in the context of their own corporate strategy. NACD recommends that directors use the principles as a framework for determining board practices on an ongoing basis.
The principles include:
- Board Responsibility for Governance
- Corporate Governance Transparency
- Director Competency and Commitment
- Board Accountability and Objectivity
- Independent Board Leadership
- Integrity, Ethics, and Responsibility
- Attention to Information, Agenda, and Strategy
- Protection Against Board Entrenchment
- Shareholder Input in Director Selection
- Shareholder Communications