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If done in a constructive way, peer assessments can provide helpful feedback for each director. This input can help directors better understand where they might not be measuring up and how they can improve their individual performance. For boards that don’t currently do peer assessments but are considering doing so, a natural time to start is when you next add...
Research has repeatedly shown the benefits of diversity in race, gender, age and socioeconomic backgrounds, and these benefits apply to the formation of any team, including a board. An experienced board member can be a great addition to a board of directors, but sometimes more diversity comes from someone with less experience....
In the same way that compensation, governance and audit committees have facilitated better corporate oversight through an experienced group of directors, future corporate boards would be prudent to add a dedicated ESG committee to oversee matters of increasing...
A multitude of crises in recent years—a global pandemic, wildfires, severe weather events, social unrest, supply chain upheaval, talent shifts, inflation and other economic issues, and the war in Ukraine—has created turmoil in business, ...
Leading boards move beyond a reactive stance. Rather than seeing Human Capital Management (HCM) only as risk management, directors can frame it as a strategic opportunity....