Director education and training: Ensuring the board has what it needs
Corporate Secretary’s ‘Director education and training: Ensuring the board has what it needs’ provides findings from a survey that offers useful insight into, among other things, who on the board oversees director education and training and who outside of the board provides those services, which topics boards are receiving specific information or training on, how frequently governance teams check whether their board has what it needs and how they rate their board’s ability to oversee the key issues facing the company. The findings in this report are based on an online survey conducted between August and September 2022.
- Overall, almost all respondents (95 percent) say the general counsel/corporate secretary plays a role in providing directors with relevant, up-to-date information. The next-most frequently cited provider is finance (named by 65 percent of respondents), followed by outside advisers (59 percent).
- More respondents say their board has received specific information or training over the past year on ESG matters (80 percent) than on any other topic.
- Overall, approaching half of respondents say they assess on an ongoing basis whether their board members have the relevant information they need. A further 19 percent say they make such an assessment at every board meeting.
- Overall, respondents give their board’s competence based on director training and education an average score of 8.6 out of 10.