We continue to see increased scrutiny from institutional investors and proxy advisors on board composition and board culture. In addition, changing requirements from regulating bodies are pushing for greater transparency on corporate governance matters – including the SEC, the stock exchanges, states, and in highly regulated industries like banking and healthcare.
Coupled with this increased scrutiny — boards have more demands on them created by various stressors in the economic and business environment, not the least of which is pandemic-related impacts over the last 18 months. Never has it been more important for boards to have healthy governance practices to adapt to changes and drive long-term stability and success for the organizations they serve. At the core of this lies the need for a strong board assessment process.
Corporate Board Member sat down with Kaley Karaffa, senior director of board engagement and governance counsel for Nasdaq to discuss how changing governance trends and stakeholder expectations over the past few years have impacted perceptions around effective board evaluation processes. Kaley also shares how strong boards approach their evaluations differently to ensure they are developing the right process and best practices in terms of scope, participants, process, timing and other factors.
For comments, questions and feedback, contact:
Kaley Karaffa, Senior Director, Board Engagement – kaley.karaffa@nasdaq.com
Jamie Tassa, Publisher, Corporate Board Member – jtassa@chiefexecutivegroup.com
