Rising to the transparency challenge
September 18 | Cindy Fornelli, Executive Director, Center for Audit Quality | Comments (0)
Fostering effective disclosure is as critical as it is challenging. In these three instances, policymakers have taken a commendable approach.
Inside America’s Boardroom: Just What is the Corporate Director’s Job? A Proxy Advisor Perspective
September 14 | Douglas Chia, Executive Director, Governance Center, The Conference Board | Comments (0)
Douglas Chia, executive director of The Conference Board’s Governance Center, recently sat down with TK Kerstetter of Boardroom Resources to discuss the Center’s first installment of its corporate director job description project, which focuses on proxy advisors’ perspectives.
What is the role of the board, really?
September 11 | Deborah Midanek Bailey, Founder and President, Solon Group Inc. | Comments (0)
As a veteran corporate director and professional turnaround manager who has earned a good living resolving corporate crises, I have long been puzzled as to why it appears that many boards do not seem to fully grasp the job they are there to do.
Communications challenges for the post activist proxy contest world
September 05 | Kal Goldberg, Partner, Finsbury | Comments (0)
Over the past several years, the endgame for activist investor campaigns has increasingly become a consensual settlement of some sort, rather than a proxy contest to “the death.” In 2016, 45 percent of activist proxy contests ended in a settlement, up from 35 percent in 2012.
Board Oversight of Long-Term Value Creation and Preservation
August 16 | The Conference Board Governance Center | Comments (0)
Enterprise risk management (ERM) stemmed from the laws and regulations of the last decade, with their focus on protecting the public and preserving shareholder value. It is rooted in a cautious approach of value preservation that, according to some critics, may lead the firm to miss long-term value creation opportunities. The current issue of Director Notes, entitled “Board Oversight of Long-Term Value Creation and Preservation: What needs to change?”, addresses these ERM-related issues.
The recent ransomware attacks are a call to action for boards
August 07 | Steven Grossman, Vice President of Strategy, Bay Dynamics | Comments (0)
It has been a busy few months. The WannaCry ransomware attack made big news in May, raising a lot of antennas. Everybody waited for more shoes to drop from the leaked NSA hacking tools and indeed more attacks came. The Petya ransomware variant (AKA “NotPetya”) caused significant damage to global companies.
Activist Insight: The Conference Board proxy advisor report ‘a little harsh’
August 02 | Gary Larkin, Research Associate, Corporate Leadership, The Conference Board | Comments (0)
“Just What Is the Corporate Director’s Job?” That is a question The Conference Board’s Governance Center is in the midst of posing to different groups of stakeholders over the next two years.
The latest corporate governance research from The Conference Board
July 19 | The Conference Board Governance Center | Comments (0)
Over the past three weeks, The Conference Board has released three corporate governance-related reports. They focus on such issues as CEO succession, board refreshment, gender diversity, and tenure as well as corporate political contribution disclosure. These come on the heels of The Conference Board Governance Center’s release of Just What Is the Corporate Director’s Job? Proxy Advisors’ Perspectives on the Board Member’s Job Description.
In search of effective board assessment programs
June 13 | John Morrow, Manager, International Ethics Standards Board for Accountants | Comments (0)
Most major U.S. public companies have an annual assessment process. For many, the process is pretty basic and routine with a checklist that never changes. It has become a necessary evil – a mindless process – that directors know they have to live through every year. For some, it doesn’t mean anything. It’s just a compliance process. Unfortunately, boards that look at assessment in this way are doing themselves and their shareholders a big disservice. Directors need to be committed to the process