While long-term preparation is key for succession planning, the board can assess whether it is ready to address any sudden unplanned departures. It is a best practice to develop an emergency succession plan that identifies an interim candidate (such as the CFO, the COO or relevant board members) who can...
Too many companies don’t apply the same rigor and analysis to selecting a board leader as they would for a new chief executive — and yet in today’s environment, board leadership is more important and urgent than ever....
A successful AGM requires year-round consultation, preparation, and planning. Companies that are unprepared may be surprised by recommendations from proxy advisors, new regulation changes and how their shareholders vote....
Organizations are under increasing pressure to create holistic approaches to sustainability and broader Environmental, Social and Governance (ESG) strategies to meet regulatory requirements and societal and investor expectations. At the same time...
In 2022, the CAQ added four new questions. Two focus on digging deeper into how audit committees execute their oversight responsibilities. We believe there is room for improvement for audit committees to provide more tailored disclosures to provide transparency about how and...
Global research indicates that companies in North America are less committed to environmental, social, and governance (ESG) engagement than those in Europe and Asia-Pacific. For boards seeking to improve their ESG engagement...
As boards widen the scope of skillsets and perspectives needed to future-proof their companies, they often face the reality that the addition of individuals with differing backgrounds alters group dynamics....
The average size of the board of the Top 100 Companies has decreased from 12.5 directors in 2015 to 11.8 directors in 2021, and 46 of the Top 100 Companies have split the CEO and board chair positions...
Women interested in being directors must stand up, speak up and show men where we are. We must also overcome the myths about women who are looking for a board seat. Here are several of those myths, along with action steps that can be taken to dispel them....
The re-emergence of inflation is another ghost of the past. But government responsiveness
and support for households and businesses through the pandemic downturn created
a level of stability that must be appreciated. We have learned, though, that the longembraced understanding of fiscal and monetary responsibility is very real....