Adding new board members is a critical decision for any company, as it can affect its strategy, performance, culture and reputation. However, finding and selecting the right candidates can be complex and time-consuming, involving multiple sources, criteria, interviews, checks and disclosures. Here are some good practices to help boards navigate this process.
Maintain an evergreen …
The Securities and Exchange Commission (the “SEC”) has adopted new rules that require public companies to disclose substantial information about the material impacts of climate-related risks on their business, financial condition, and governance (the “Final Rules”). The SEC says that “climate-related risks, their impacts, and a public company’s response to those risks can significantly affect…
We acknowledge the insight and assistance of Gary J. Previts, Distinguished University Professor Emeritus, Case Western Reserve University
As the regulator of public company auditors, following the Sarbanes-Oxley Act of 2002, the Public Company Accounting Oversight Board (PCAOB) aims to safeguard investors’ interests. The PCAOB establishes auditing standards, reviews audit firms’ performance, and holds them…
Corporate directors may feel like mediators at a rock fight, as antagonists that are for or against the “environmental, social and governance (ESG)” movement duke it out. The rock fight has arisen due to extremism over ESG. As proponents and opponents fight to a standoff or stalemate, boards can mediate by embracing neither side but…
Board self-evaluations are common for listed companies, to enhance governance, accountability…
Over the past few years, the ESG movement gained a broad following across corporate America, with a proliferation of related management and investment strategies…
Climate disclosure regulations are among the most significant and complex challenges faced by companies and boards, with a variety of requirements emanating this past year from numerous governmental authorities and non-governmental organizations. This white paper offers a thumbnail sketch of key features and differences of a dozen authorities, followed by considerations for boards concerning disclosure…
Companies will be affected in a variety of ways by the receivership of Signature Bank, Silicon Valley Bank and any other similarly situated financial institution. Companies may face difficulty accessing cash deposits, bank facilities or the capital markets or limitations on money market transactions or commercial paper facilities. Companies may also face losses on investments…
