NACD Audit Committee and Nominating and Governance Committee Chair Advisory Councils: Key Committee Succession Planning and New-Director Onboarding

In brief: NACD convened Fortune 500 committee chairs in a joint meeting of the Audit Committee and Nominating and Governance Committee Chair Advisory Councils. Meeting participants discussed leading practices for key committee succession planning and new-director onboarding.

This resource can help your board to

• purposefully coordinate committee-chair rotation or succession;
• understand that while financial expertise is a necessary ingredient for service on the audit committee, alone it is insufficient; and
• broaden the leadership profile when recruiting an audit committee chair.

Most relevant audiences: audit committee members, nominating/governance committee members, corporate secretaries, general counsel