Author Archives for Elizabeth Mullen

Board and Shareholder Communications

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Open board-shareholder communications are proving to be more essential than ever following the passage of the Dodd-Frank Act, and are expected to be of increasing importance in coming years. A panel convened at the NACD Board Leadership Conference agreed that boards must establish communication lines that are not necessarily more detailed, but rather more effective, in light of regulations such as Reg FD. Though Broadridge Financial Solutions’ board has not yet been approached with a request from investors to discuss board policies, Corporate Governance Officer MaryEllen Andersen said, the board has developed a plan on how to respond should an... Read More

Future-Proofing Through Culture and Communications

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Developing a solid leadership pipeline and establishing clear lines of communications are essential attributes of a successful sudden succession situation, as demonstrated by the stories recounted by Best Buy’s Nominating Committee Chair Kathy J. Higgins Victor and McDonald’s Chairman Andrew J. McKenna, Sr. at the NACD Board Leadership Conference 2012. McKenna’s board had long made succession planning discussions a routine, beginning and ending every executive session and devoting at least one board meeting a year to evaluating possible new company leaders, both in the C-suite and in supporting ranks. Running a global company requires evaluating options from all over the... Read More