Here is a practical list of key considerations for new directors as they join a board. With those principles in mind, and equipped with their informed business judgment, directors can better fulfill their duties to the company and protect themselves.
Elliott Management Corp.’s activist move against AT&T this month may be a sign that some shareholders are going to scrutinize board strategy more closely due to the Business Roundtable’s restatement of what the purpose of a corporation should be.
We all have examples of succession executed with precision; some of us have just as many where we were caught flatfooted with no plans to deal with the unexpected. Don’t leave it to luck.
In 2019 and beyond, a board’s reflexes need to be finely honed—and that means throwing out the standard drill for response and remediation.