eBriefing

For some former CEOs, refraining from too much engagement may be difficult if not impossible, and will result in a diminishment of the effectiveness of the chairman’s role rather than enhancing it. It is also possible that just the opposite can take place, such that the chairman who is a former CEO overcompensates in reaction to a desire to climb into the saddle one last time, resulting in a disengagement from what is needed on the part of the chairman.

By and large, it is essential that an individual assuming the nonexecutive chairman’s role not only fully understands the purpose of the position but is also energized by the role in and of itself. This will simply not be the case for an individual in the chairman’s seat who secretly longs for the CEO role.

What I've learned

NACD Director Professionalism

NACD’s world-renowned Fellowship® foundation course in boardroom fundamentals is headed to the Big Easy—New Orleans—Mar. 13-15. Directors and governance professionals looking to position themselves for future board seats will gain leading practices and practical insights for the demands of today’s boardroom.   More information here.

Women Corporate Directors 2017 Latin America Conference

Top 10 Topics for Directors in 2017

Here's a look at what every director should be thinking about:
1. Corporate Strategy: Oversee the development of the corporate strategy in an increasingly uncertain and volatile world economy with new and more complex risks.
2. Political Changes: Monitor the impact of major political changes, including the U.S. presidential and congressional elections and Brexit. 

3. Shareholder Relations: Foster shareholder relations and assess company vulnerabilities to prepare for activist involvement....

Cyber Security Reaches Boards

Cybersecurity regulations are intensifying.

A new proposed cybersecurity regulation promulgated by New York's Department of Financial Services (DFS), which generally applies to financial institutions that do business in New York and is expected to go into effect on March 1, 2017, is groundbreaking in several respects.

SEC Reconsiders Pay Ratio Rule Implementation

SEC acting Chairman Michael S. Piwowar  issued a public statement today (February 6, 2017) which seeks detailed comments on either delaying implementation of the Pay Ratio Rule, or "reconsider[ing] the implmentation of the rule based on any comments submitted.  

35% of Directors Say Someone on their Board Should Be Replaced