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....
Category: latest news
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...
As investors, regulators, and stakeholders increasingly recognize environmental, social and governance (ESG) risks and opportunities as financially material, companies are looking for ways to link management incentives with ESG performance on climate change, diversity and inclusion, and other key issues...
A global average in 2022 is just 19.7% of board seats are held by women, an increase of 2.8 percentage points since 2018. If this rate of change were to continue, we could expect to reach something near parity around 2045 – 7 years earlier than the findings of our previous report.
Over the last five years, we have witnessed incredible change in the way that companies have organized themselves to address cyber risk. These critical corporate governance initiatives—from ensuring that directors with cybersecurity or technology expertise are on the board to creating board-level committees responsible for cyber-risk oversight to developing reporting structures between...
The ‘S’ is just much harder generally because it is harder to define and measure,” said Michael Posner, who runs the Center for Business and Human Rights at N.Y.U.’s Stern School of Business. “So everyone makes it up as they go along.....
Almost half (48%) of respondents say their company does not disclose the racial composition of the board and almost a fifth (18 percent) don’t disclose its gender composition. Almost nine in 10 respondents (86%) say board diversity helps create better board performance. More than three quarters (77%) of respondents say they believe board diversity helps lead to better corporate performance....