Author Archives for Peter Gleason

A Message to Our Members in the Houston Area

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Dear Members of the Houston NACD Family: As the news of the devastation in Houston continues to come in, please know that our thoughts are with all of you and your families during this crisis. As the home of our Texas TriCities Chapter, including dozens of NACD members who volunteer with the TriCities Board in Houston, not to mention chapter staff and two of our own national staff members stationed there, the city is a key geographical point of our membership, and our thoughts and prayers are with everyone in the community. We know the storm is not yet over,... Read More

Identifying Black Swans: The Many Facets of Risk Oversight

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The Metropolitan Corporate Counsel recently interviewed NACD President Peter R. Gleason on how boards are recalibrating their approach to risk oversight and strategy development.  The original interview can be found here.  MCC: Risk oversight is a key responsibility for corporate boards. What are the major areas of risk? Gleason: It’s interesting. When you think about it, everything falls into the risk category. Where we used to have discussions around financial reporting or compensation, the conversation has evolved to financial reporting risk or compensation risk (or the risks in these areas). And traditional categories are still on the agenda, such as competitive, economic... Read More

The Risks of the Risk Committee

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The following article was recently published in Bloomberg BNA’s Corporate Governance Report. In addition, it was uploaded to all Bloomberg terminals, which are used globally by approximately 350,000 investors, financial traders, and corporate governance experts. For the rest of the article, click here.  Risk Oversight: Risk Committees Can Play a Role, But They Are Not the Whole Story In the wake of the financial meltdown of 2008, and before the Dodd-Frank Wall Street Reform and Consumer Protection Act was introduced, there were rumblings in the marketplace calling for all companies to have board-level risk committees. Such calls stemmed from the... Read More