Evolving regulatory structures, disruptive competitive forces and investor scrutiny help ensure that today’s corporate directors operate in increasingly dynamic boardroom environments. Despite this rigorous environment, more new directors are joining corporate boards today than in previous years. Boards must be prepared to onboard those new directors and facilitate a process that allows them to hit the ground running, so they can begin to make meaningful contributions early in their tenure.
Many corporate boards have adopted onboarding programs that emphasize both formal education and socializing new directors to boardroom culture. In fact, because effective onboarding boosts confidence and the ability of incoming board members to leverage specialized skills, boards that prioritize the preparedness and success of incoming directors stand to gain a marketplace advantage and maximize their own long-term health.
Moreover, ever-diversifying boards operating in parallel with advancing technology, the effects of globalization and evolving shareholder and regulator expectations serve themselves best by remaining engaged and dedicated to continued education efforts, which begin during director recruitment and onboarding.
Download this guide to learn more about:
– Board composition trends
– Onboarding best practices
– Personalizing the onboarding process
– Recommendations for materials to review
– Onboarding new committee members