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In this issue: Feature Articles from 2016 First Quarter | Bonus Online Content | Calendar of Events | News
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Before you say yes to a board invitation: 10 due diligence tactics.
BY DEE SODER and KATHLEEN CAMILLI
You’ve met the other directors, asked smart questions, reviewed the financials, and ensured there’s good D&O insurance. You can’t wait to tell colleagues that you’ve been selected for a board seat. All seems good — and it probably is.
But even experienced directors sometimes encounter financial, ethical or other issues that lead them to quietly resign a short time after accepting a board position. Neither the board nor the director is apt to disclose the true reason for an abrupt departure.
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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
Refreshing the Board: Age or Term Limits, Skillsets and the Hard Conversation
September 16, 2015
Directors to Watch 2015: The Making of Successful Women Directors
August 19, 2015
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TOP 10 TOPICS FOR DIRECTORS IN 2016
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Challenges that U.S. public companies will face in the coming year.
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FROM LAW FIRM AKIN GUMP
Each year law firm Akin Gump identifies main challenges that U.S. public companies will face in the coming year. Here is its list of “hot topics for the boardroom” for 2016. We have published their findings in our first issue of the year.
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BUILDING A TEAM OF EXPERTS
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Appointing a single-subject expert to the board can be a misguided tactic.
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BY DOUG RAYMOND
The Cybersecurity Disclosure Act of 2015, which recently was introduced in the U.S. Senate, will, if adopted, require public companies to disclose whether any of their directors have expertise in cybersecurity. If board members do not have such experience, the company would be required to describe what cybersecurity steps had been taken. The bill would also require the SEC to identify the qualifications of a cybersecurity expert. While this legislation would not mandate that public companies add cybersecurity experts to their boards, this is apparently the bill’s objective.
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8th Annual Global Ethics Summit
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March 9-10, 2016
The Summit offers the opportunity to hear from some of the most reputable multinational company leaders and top industry experts from a diverse set of organizations. Having the chance to exchange ideas with an expert faculty of over 75 speakers and more than 400 delegates offers an informative environment.
Click here for more information and registration information.
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2016 Catalyst Awards Dinner
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March 16, 2016
2016 Catalyst Award-Winning Initiative: Gap Inc.—Women and Opportunity. CEO Art Peck will accept the Catalyst Award for the game-changing global initiative that leverages Gap Inc.’s long-standing culture of equality and inclusion as a business tool to attract top talent, advance women’s representation globally, increase employee engagement and retention, and drive business results. The event will take place at the on March 16 at the Waldorf Astoria in New York City.
Click here for more information and registration information.
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AIG Announces Expansion of Board of Directors
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 American International Group, Inc. said that its Board of Directors has agreed to expand the size of the AIG Board from 14 seats to 16 seats.
The Board will nominate its existing Board of Directors, as well as John Paulson,President of Paulson & Co., and Samuel Merksamer, a Managing Director of Icahn Capital LP, as the slate of directors to be included in AIG’s proxy statement for election at the 2016 AIG Annual Meeting of Shareholders.
READ MORE >
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Prudential Financial, Inc. Appoints Three New Members to Board of Directors
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 Prudential Financial, Inc. (NYSE:PRU) announced today that it has elected three new independent directors to its Board of Directors.
Peter Rupert Lighte, former vice chairman of J.P. Morgan Corporate Bank and founding chairman of JPMorgan Chase Bank, China; George Paz, chairman and CEO of Express Scripts; and Michael A. Todman, former vice chairman of the Whirlpool Corporation, have been added to the board of directors.
READ MORE >
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XCEO Reduces the Price of its Specialized Board Portal for NonProfit Boards
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 XCEO, Inc., a boutique consulting firm specializing in Extreme Personal Leadership and Enlightened Governance™ has once again demonstrated its commitment to public sector boards by significantly reducing the price for its comprehensive BoardPortal PLUS product.
Recognizing the difficulty of non-profit, government and educational organizations to conserve money spent on administrative functionality in order to focus spending on their constituents, XCEO has made the full BoardPortal PLUS product available to 501c3 firms at a compelling 75% discount. Non-501c3 boards in the public sector community can take advantage of a similarly substantial 50% discount.
READ MORE >
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