It’s an indisputable fact: no two boards are the same. However, there is one thing that they all have in common: the need to bring on fresh talent to meet the demands of the company’s evolving requirements. And sometimes that means adding...
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The stakes for having the right mix of directors have never been higher. Board composition and director succession practices continue to face heavy scrutiny in the marketplace, led by activist shareholders, proxy advisors, regulators and, increasingly, governments and community advocates...
Board turnover in the CSSBI 100 remained at about 10%, with close to 100 new NXDs appointed to CSSBI 100 boards during Spencer Stuart’s twelve-month tracking cycle. Close to two-thirds (64%) of CSSBI 100 board chairs had five or less years of tenure serving in the role, a notable sign of ongoing board leadership...
Companies with a market capitalization of more than $10 billion and with women on their boards outperform comparable businesses with all-male boards by 26% worldwide over a period of six years. Companies with gender-diverse boards have fewer instances of problematic business practices, such as fraud, corruption, bribery, and shareholder battles, and are associated with more transparent disclosure of stock price information...
Regulators have pushed companies in recent years to foster a culture among their employees that encourages compliance with U.S. laws but measuring whether a company has achieved that goal can be tricky. Companies looking to measure their compliance culture typically resort to a range of methods...
Asking great questions helps us fulfill our fiduciary duty as board directors. Through our questions, we inform ourselves about the subject matter at hand and satisfy ourselves about what is in the organization’s best interests....
Diversity of mind or of thought requires a variety of backgrounds. Geographic representation is also critical for a global firm. The need for multidimensional diversity and for a deep grasp of risk and strategy may mean that companies will need larger boards.....
Because A.I. can learn and evolve, and the environment where it operates can also change, the A.I. review board must put in place monitoring mechanisms all along the technology life cycle and conduct ...
For audit committee members, keeping pace with changes in their organization’s workplace, technology, and regulatory requirements is critical to understanding emerging risks as well as how governance issues are evolving...
Most companies experience at least one crisis every four or five years. According to a recent survey, 23% of board directors have not discussed the subject of crisis managements and 38% never discussed management’s testing of a crisis plan...