Nominating committees were once the home for directors that did not understand the business well enough to serve on either audit or comp. Today's nom-gov looks very different.
That doesn't mean homogenous committees can’t make good decisions. But diverse ones, by applying a broader cross-section of experience to today’s multifaceted problems, can usually make better ones.
Director accountability will be a major theme in 2020, and shareholders and regulators are set to use voting as an enforcement measure.