IN THIS ISSUE
10 Integral Pieces to Succession Planning, 5 Things to Consider When Selecting Board Members, and private company governance appointments and news.
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10 Integral Pieces to Succession Planning
Ensuring board composition meets the strategic needs of the company.
BY DENISE KUPRIONIS and PATRICIA LENKOV
Quick, name the most important duty of a board of directors. Choosing the CEO? Monitoring and evaluating his performance? CEO succession planning? Setting strategy? Overseeing company performance?
There is another duty that is less talked about, but equally as important and essential and that is succession planning but for the board directors themselves.
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5 Things to Consider When Choosing Board Members
Are you looking for these qualities?
BY MARY BETH H. GRAY
Many closely-held companies, particularly small to medium-sized ventures (say, $5 million – $100 million in revenue) are run primarily by senior management. Particularly where there is overlap between owners and executives, lines of decision-making can be murky, which means many companies de-emphasize the need for regular board meetings.
But even in small, closely-held companies, good governance requires board oversight and good board oversight requires strength and diversity of the voices at the table.
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| Registration is now open for the fourth annual Private Company Governance Summit, May 11-13, 2016 in Washington, DC. |
- The Board’s Role in a Crisis
- Dealing with Conflicts of Interest on Private Company Boards
- How to Interview Director Candidates
- Cybersecurity and the Private Board
- Preparing for the Board Meeting
- Private Company Capitalization, Liquidity and Shareholder Return
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- The IPO/M&A-ready Board
- Onboarding independent/non-family directors
- Board liability and risk
- Board strategy
- Board diversity
- The dynamics of family members on the board
- Private board committees
- Director and board evaluations
- The board’s role in talent oversight and development
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Marsh: 2016 US Insurance Market Forecaset Favorable for Buyers
According to Marsh’s research, barring unforeseen events, ample capacity and competition are expected to continue to put near term downward pressure on insurance rates in major classes of commercial property/casualty business. However, industry developments, including recent earnings announcements, senior management changes and re-underwriting at several companies bear watching.
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National Geographic Names First Female Chair in Its History
The National Geographic Society has named Jean Case as chairman of its board of trustees, making her the first female head in the 128 years of the Society’s existence. She had been a member of the board since 2010, but her work with the organization goes back to 2005.
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