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Volume 13, Number 9 • April 25, 2016
In this issue: Feature Articles from 2016 First Quarter | Bonus Online Content | Calendar of Events | News

BOARD STRATEGY


Avoid These 6 Pitfalls

in Planning Your Strategy


         
      
By STAN SILVERMAN

One of the most important roles of a CEO and the senior leadership team is to develop and successfully execute their company’s strategic plan. One of the most important roles of a board is oversight of the company’s strategy. To quote a line from “Any Road,” sung by George Harrison: “If you don’t know where you are going, any road will take you there.”

So, what are some of the pitfalls boards need to consider when CEOs present the company’s strategic plan?
 
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Directors & Boards' Director Education Webinar Series

Investigative Due Diligence: A Practical Guide To What Directors Need to Know

September 30, 2015
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Refreshing the Board: Age or Term Limits, Skillsets and the Hard Conversation 

September 16, 2015
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Directors to Watch 2015: The Making of Successful Women Directors 

August 19, 2015
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BEST PRACTICES

Board Director Best Practices for Young CEO Companies

By JAMES BERGERON

Why should we all be thinking more adroitly about our board of directors working with these Young CEOs? Is this really a permanent issue that will not be going away anytime soon?

According to the Global Entrepreneurship Report (GER), as of 2014, a minimum of 13% of U.S. adults are starting and running new businesses -- a staggering number. While the majority of new companies fail, the ones that do survive, and succeed, likely have fairly “young” CEOs –either age-wise, lacking of substantial experience, or both.
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COMMITTEES

Advice on Joining the Compensation Committee

Joining the compensation committee is very much like taking on a part-time job in a new professional field. Most compensation committee members have been exposed to compensation as a topic over their professional careers, at the very least as a participant in executive compensation programs.

In the case of CEOs or other managers, they may have had more in-depth knowledge based on experience making compensation decisions, but much of their experience may be specific within the context of their own company.

 
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EVENTS

WomenCorporateDirectors Global Institute
May 4-5 12, 2016

The 2016 WomenCorporateDirectors Global Institute will be held May 4-5 at JPMorgan Chase’s New York Madison Avenue offices. This influential event will bring together more than 250 women directors from around the world to explore compelling issues on the minds of today’s directors. This forum will consist of conversations with CEO’s of global companies, panels, roundtable discussion groups, and engagement in a community of trust that brings a diversity of perspectives together. In conjunction with the Global institute, the Family Business Governance Institute will be held on May 3rd at KPMG’s New York headquarters, and will consist of panels with directors from both private and public family boards.

For more information, contact  chelsea@womencorporatedirectors.com.
The Private Company Governance Summit 2016
May 11-13, 2016

Building The High Performing Private Company Board: Reserve your seat at the governance conference for directors, owners, and advisors of family-owned, closely-held and private-equity owned businesses of all sizes. The fourth annual Private Company Governance Summit will be held May 11-13, 2016 at the Westin City Center in Washington, D.C. 

Click here for more information and registration details.
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NEWS

Semler Brossy Releases Say on Pay 2016 Study

Semler Brossy’s weekly "Say on Pay Reports" provide comprehensive coverage of vote results Russell 3000 companies. Find out how these companies fared on Say on Pay votes.

 
Click here to access the full report.
 

Northern Trust Announces New Director Appointment

Northern Trust Corporation announced that Jay L. Henderson has been elected to its board of directors, effective July 18, 2016, following his retirement from PricewaterhouseCoopers LLP on June 30, 2016.

Henderson currently serves as Vice Chairman, Client Service, at PricewaterhouseCoopers. In this role, he was responsible for leading the execution of PwC’s strategy across the Midwest Region, which includes offices in 13 states with 6,800 partners and staff. 

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Insight Venture Partners Completes Acquisition of Diligent Corporation

Diligent Corporation announced the completion of its acquisition by Insight Venture Partners (“Insight”), a leading global venture capital and private equity firm investing in high-growth software, internet and data services companies.

The transaction, announced on February 14, 2016, was completed on April 14, 2016 following a majority shareholder vote for a consideration of approximately $US 624 million.


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Editor: James Kristie
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