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eBriefing

Volume 13, Number 7 • March 28, 2016
In this issue: Feature Articles from 2016 First Quarter | Bonus Online Content | Calendar of Events | News

10 Integral Pieces to
Succession Planning

 

"Proactively and regularly focus on the composition of your board."



     

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?

These are the key items that usually come to a director's mind when thinking about carrying-out her fiduciary responsibilities. However, 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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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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FATAL FLAWS IN FRAUD RISK MANAGEMENT

The typical organization loses 5 percent of revenues each year to fraud.

By AMY ROJIK and GERRY ZACK

Every entity faces many types of fraud risk. And the costs of fraud go well beyond the direct financial losses. Investigation costs and indirect costs associated with loss of productivity, morale and reputation can dwarf the initial loss from the crime itself. Complicating matters is that fraud risks are in a constant state of flux―more so than the board may realize.
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CYBERSECURITY

What Is the Cybersecurity Disclosure Act of 2015?

BY SCOTT GOLDMAN

Directors bear a unique responsibility in the ecosystem of a company.  It is our job to offer guidance and oversight at the same time.  We must be supportive of management while looking out for the best interests of the shareholders.  And now we should know the difference between malware and ransom ware and between a Trojan and a back door.
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EVENTS

Freshfields and Columbia University: 2016 Global Business Forum
April 5, 2016

Global law firm Freshfields Bruckhaus Deringer and Columbia University’s Richard Paul Richman Center for Business, Law, and Public Policy, a collaboration between Columbia Business School and Columbia Law School, announced that they have partnered to create the Global Business Forum. The Forum will be held annually and will provide an essential opportunity for senior business executives to explore and discuss how to manage risk and maximize returns in the international economy. 

For more information on this event, and registration information,  click here.
NYC's ‘Conversations In The Boardroom' Event
April 19, 2016

Join Women in the Boardroom and speakers, Patricia Lizarraga, Managing Partner of Hypatia Capital Group and Pang Zhang-Whitaker, Counsel for Dorsey & Whitney to discuss the topic of 'Connecting with Private Equity Firms on Your Board Journey.' This In-Person event will take place at Dorsey & Whitney at 51 W. 52nd Street in NYC at 6pm ET. 

Click here for more information on this Women in the Boardroom event.
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NEWS

William Lenehan Joins Macy’s, Inc. Board of Directors

William H. Lenehan, president and chief executive officer of Four Corners Property Trust, Inc., has been elected to the Macy’s, Inc. Board of Directors, effective April 1, 2016.

Lenehan, 39, has extensive knowledge and experience in real estate development and management. He was named president and chief executive officer of Four Corners, a publicly traded investment trust focused on foodservice real estate, in August 2015.
                             
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Investor Expectations for Newly Public Companies

The Council of Institutional Investors (CII) called for newly public companies to adopt equity structures and governance provisions that protect shareholders.

A company going public should have a “one share, one vote” structure, simple majority vote requirements, independent board leadership and annual elections for board directors. CII members, who collectively hold more than $3 trillion in assets, today adopted these expectations in an effort to protect shareholder interests.

                    
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Paul D. Davis Appointed to Craft Brew Alliance Board of Directors

Craft Brew Alliance, Inc., a leading craft brewing company, announced today that Paul D. Davis has been appointed to the company’s Board of Directors, effective March 8, 2016.

A seasoned business leader with more than three decades of consumer packaged goods experience, Mr. Davis, 58, was most recently Chief Executive Officer of popchips® until August 2015 and became Co-Chairman of its Board of Directors in September 2015.


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Editor: James Kristie
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