The boardroom Archive

Jul 07, 2017
Always be looking for new directors, boards told
Nominating and governance committees should take a flexible approach and always be on the lookout as they seek new blood for the board, professionals advise. Douglas Chia, executive director of the Conference Board’s governance center, told delegates at last week’s Society for Corporate Governance national conference that board recruitment needs to be a continual process. Members of the nominating and governance committee should be in talks with qualified potent...
Read more
Jun 29, 2017
Female Fortune 500 board appointments slow for first time in seven years, study finds
For every woman placed on a Fortune 500 board last year, three men were appointed, according to new research from executive search firm Heidrick & Struggles. The percentage share of board appointments going to women had been steadily rising since 2009 along with interest from institutional investors like State Street and BlackRock, but in 2016 it fell 2 percentage points to 27.8 percent. The Fortune 500 will not have gender parity in its boardrooms until ...
Read more
Jun 19, 2017
Wesley Bricker
A senior regulator has called for more information to be gathered to provide insight into improving the work of boards’ audit committees. ‘I encourage researchers to advance the understanding of the role of audit committees in fostering effective internal control over financial reporting, and the factors that strengthen or weaken audit committees’ effectiveness,’ SEC chief accountant Wesley Bricker told delegates at a recent Journal of Accounting and Pub...
Read more
Jun 15, 2017
SE Asia Map
Asian women are overwhelmingly under-represented on corporate boards despite attempts to improve boardroom gender diversity, according to the fifth edition of Deloitte Global’s Women in the boardroom: A global perspective. The report, which explores the efforts of more than 60 countries to promote boardroom gender diversity, reveals that women hold just 15 percent of board seats worldwide. These numbers show only modest progress from the 2015 edition of t...
Read more
Jun 01, 2017
General counsel may still be rare members of Canadian boards but, when they do have directorships, they are most likely to be women, new research finds. According to a study by law firm Blake Cassels & Graydon, 35 current and former general counsel held just 44 of 2,288 board positions at the 241 publicly listed companies that comprised the S&P/TSX Composite Index last year. Fifty-nine percent of those general counsel were women, up from 45 percent in 2015....
Read more
Apr 28, 2017
General counsel face growing pressure on strategy
New research underlines the extent to which directors and executives are looking for general counsel – who also often wear the corporate secretary hat – to play an increasingly strategic role. According to a report from NYSE Governance Services and search firm BarkerGilmore, more than half (53 percent) of almost 300 directors and C-suite executives polled this February point to business strategy as an area where general counsel could add more value. Second on th...
Read more
Apr 27, 2017
The development of global commerce has made the world a small place. But the removal of barriers to legitimate international transactions has also opened the door to transfers of assets overseas as part of fraudulent schemes. Companies with international partners may find a major trade debtor has closed its doors and its assets have mysteriously disappeared, perhaps through layers of related-company transfers and suspect payments to offshore companies. When these tr...
Read more
Apr 26, 2017
New research from the EY Center for Board Matters shows progress is being made when it comes to sourcing a diverse range of independent directors, Corporate Secretary sister publication IR Magazine reports. Examining an ‘entering class’ of board members for the first time, EY looked at the independent directors who had been added to boards across Fortune 100 companies last year. Kellie Huennekens from the EY Center for Board Matters says the fi...
Read more
Apr 25, 2017
Boards are increasing their oversight of strategy, risk and shareholder sentiment, although not necessarily shareholder outreach, according to new research by Deloitte and the Society for Corporate Governance. More than two thirds of respondents say their boards participate in an annual strategy retreat with management. Forty percent of respondents say their boards monitor progress against the company’s strategic plan at every board meeting. And the majority of bo...
Read more
Apr 13, 2017
Executive compensation tops the list of governance issues occupying the thoughts of professionals – with political spending and board diversity also forcing their way in, according to a new poll. PwC’s Governance Insights Center asked directors and other governance-focused officials during a webinar Tuesday about which governance issue is top of mind for them at present, as companies approach the height of the 2017 proxy season. Thirty-nine percent pointed to ex...
Read more
Cs logo Cs logo