Posts Tagged ‘NACD’

“Full Range” Reading: 25+ NACD Deep Dives for 2015

February 5th, 2015 | By

Have you resolved to become even more proactive and knowledgeable as a director in 2015? I commend you!  As Dr. Reatha Clark King says in the annual Chairman’s letter, which appears in the January-February 2015 issue of NACD Directorship,

[S]trong boards should work with management to stay abreast of the full range of matters that may affect the success of companies. Today the emergence of significant issues on relatively short notice requires both management and boards to adapt more quickly.

To keep you current the first items on your reading list should surely be Directors Daily, NACD Directorship magazine, and the white papers and other timely content that flows from our Advisory Councils, NACD Directorship 2020® events, and many other educational programs.

But in addition to consulting these resources, consider making time for some of our deeper-dive publications, which provide extensive data and comprehensive guidance on key boardroom issues, both perennial and emerging. To help you locate the material that will be of most interest to you, here is a quick (at-a-glance) “catalog” of the most popular and most topical publications on the NACD bookshelves.

NACD’S ANNUAL SURVEYS. These studies cover governance trends among public, private, and nonprofit boards, as well as public-company director compensation. The facts and figures clearly presented here in charts, tables, and graphs—along with nuanced interpretation of the data collected—will enable you to benchmark your board’s practices against your peers’, no matter what size or type of organization you govern.

For more than 20 years, NACD has been tracking governance trends by industry and company size, from multibillion-dollar firms to those with under $50 million in revenues. Topics analyzed include board size, director hours, board priorities, committee variety, and specific practices for the oversight of risk and for CEO succession, to name just a few. While other fine organizations now support the effort to research board practices, NACD surveys are unparalleled in the scope of their topics and the size of respondent pools they cover.

BLUE RIBBON COMMISSION REPORTS. Our widely respected series of Blue Ribbon Commission (BRC) reports is required reading for directors who want to increase their mastery of the many issues facing them. Every year, NACD invites a new and select group of prominent board leaders and subject-matter experts to gather for dialogue about an emerging issue. Chaired by well-known leaders in the business or legal community, the commissions produce authoritative reports that have been cited in legal cases (notably Brehm v. Eisner, 2000) and have even been called “prophetic” by Delaware Supreme Court Justice Jack Jacobs, speaking at the University of Delaware. The following links lead to the most recent editions of 13 of these unique and eminently useful reports.

HANDBOOKS. Last but not least, for a firmer grasp of director duties, you may wish to consider one or more of NACD’s definitive handbooks, which are authored by experts and focus on the “how to” of directorship.

And, coming soon, The Family Business Board (in two volumes)!

Happy reading!

Leveraging the Risks and Rewards of Information Technology

May 8th, 2014 | By

As information technology (IT) continues to evolve, so do the oversight responsibilities of corporate directors. From big data analytics to social media to cybersecurity, technology creates opportunities for companies to innovate, to create operational efficiencies, and to develop a competitive advantage.

These potential rewards can bring significant risks, however. Directors have the task of ensuring technology is integrated into both company strategy and enterprise risk management—and to do so they must first gain a deeper understanding of how technology is impacting their businesses.

To help directors ensure they are prepared to leverage both the risks and rewards of IT, NACD developed an eight-part video series—The Intersection of Technology, Strategy, and Risk in partnership with KPMG and ISACA.

The series includes insights from leading technology experts and top executives from AT&T, Citigroup, Dunkin’ Brands, Kaiser Permanente, and  Oracle, among others, and focuses on critical IT areas for directors, such as:

  • how emerging technologies are altering the business landscape;
  • critical questions boards should be asking about technology;
  • the role of the CIO;
  • disruptive technologies;
  • fostering innovation;
  • balancing IT risks and opportunities;
  • cybersecurity; and
  • social media.

To complement the video series, NACD has additional resources, including white papers, articles, webinars, full transcripts of each video, and a discussion guide for directors who would like to take a deeper dive and bring these topics into their own boardrooms.

To watch The Intersection of Technology, Strategy, and Risk video series and access the supplemental resources, visit NACDonline.org/IT.

The Value of Your Voice

April 22nd, 2014 | By

Here at NACD our annual governance surveys—publicprivate, and nonprofit—underlie nearly every aspect of the organization’s activity. From our Blue Ribbon Commission reports, to peer exchanges and our annual Board Leadership Conference, data collected from the thousands of respondents informs discussions, forums, topics, and future events. Beyond the boardroom, the trends, statistics, and perspectives captured in these surveys provide those in the C-suite, investors, and stakeholders with crucial information on the current state of corporate governance in the United States.

In the regulatory sphere, we use survey data to inform our comment letters and in-person testimony on behalf of boardrooms to regulators and lawmakers. Most recently, survey responses from NACD’s membership strengthened a December 2013 comment letter to the Securities and Exchange Commission on pay ratio disclosure.

NACD also uses the three annual governance surveys to create industry-specific one-page benchmark reports. Whether you use one of these or commission an NACD Custom Benchmarking Report, data broken down by industry, size, or both serves as an excellent starting point for boardroom discussions.

NACD is dedicated to providing directors with timely and pertinent content, but we need your input. As a thank you for participating in these surveys, NACD will send each participant a free electronic copy of the final report for each survey he or she takes. This is the sole opportunity for non-NACD members to receive a copy; once this window closes only NACD members and participants will be able to view the final report.

This investment of your time is critical to NACD’s ability to work for you. We thank you in advance for your participation.