Topics: Board Composition,Corporate Governance,Leadership
Topics: Board Composition,Corporate Governance,Leadership
September 30, 2018
September 30, 2018
And the inaugural NACD NXT winners are the boards of Foot Locker, Liberty Mutual Insurance, Newmont Mining, and TrueBlue. The announcements were made tonight at the NACD NXT Recognition Gala prior to the opening of the 2018 NACD Global Board Leaders’ Summit at the Marriott Marquis in Washington, DC. The awards program was hosted by NACD in collaboration with Deloitte.
“What if women and minorities had had a seat at the table 30 years ago?” Emily Chang, anchor of Bloomberg Technology and author of Brotopia: Breaking Up the Boys’ Club of Silicon Valley, said in her opening remarks as emcee of the awards ceremony. She suggested that including women and people of color in leadership roles could have stoked greater innovation at technology companies, but from the perspective of the end-user experience, made for more inclusive online environments. “It takes corporate leadership and it takes board members to have those conversation because if we don’t have those conversations, the voices of women and minorities will be left out.”
The winners were selected from a pool of 25 corporate boards that were nominated by NACD members and then vetted by the NACD NXT steering committee. Those boards were then evaluated by a highly esteemed panel of 12 judges: Irene Chang Britt, Martin M. Coyne II, the Honorable Cari M. Dominguez, Brenda J. Gaines, Daniel R. Hesse, Reatha Clark King, Lester L. Lyles, Kathi P. Seifert, Sonya F. Sepahban, Suzanne M. Vautrinot, Keith C. Wetmore, and Paul S. Williams.
The judges made their decisions based on written statements submitted by each nominated board that articulated how the board defined, developed, demonstrated, and achieved diversity and inclusion through measured steps; how the board addressed board recruitment and long-term value creation through a thoughtful recruitment process and in the face of disruptive forces; and how the board achieved a result deemed extraordinary in the context of diversity and inclusion.
And now, a look at the winners and the qualities that established them as exemplars of diversity and inclusion practices.
The NACD NXT Recognition Gala served as the formal announcement and kickoff of NACD NXT, a multiyear initiative designed to equip board directors to better navigate the rapidly changing business environment and challenges of the future. In addition to an annual awards ceremony that recognizes boards that demonstrate leading practices on this front, this initiative will provide case studies and practical tools to help directors and boards lead with confidence, and will help prepare the next generation of board leaders through scholarship and education.
“On behalf of NACD and our selection committee, I want to congratulate these standout boards for their vision and commitment to diversity and inclusion,” said Peter R. Gleason, CEO and president of NACD. “Showcasing high-achieving and visionary boards is a key element in our effort to guide boards through a turbulent business environment to a successful future.”
For more information about the NACD NXT Recognition Gala, read the 2018 edition of The Power of Difference. For more information about the NACD NXT initiative, visit www.NACDonline.org/NXT.