The Conference Board Governance Center Blog

Nov
20
2014

Directors Should Communicate With Shareholders

by John C. Wilcox, Chairman, Sodali

To demonstrate their effectiveness, corporate boards should increase transparency, provide an annual report of boardroom activities and take charge of their relations with shareholders.

With shareholders continuing to press for ever-deepening levels of engagement, companies must find a way to answer the most basic question of corporate governance: “How effective is the board of directors?Read the rest of this entry »

Oct
20
2014

Celebrating Audit Committees on the Cutting Edge of Communication

By Cindy Fornelli, Executive Director, The Center for Audit Quality

  Editor’s Note: The Center for Audit Quality is a member of The Conference Board Governance Center and the Governance Center is a supporter of the Call to Action.

Across the globe, investors, regulators, and others are more interested than ever in enhancing transparency in corporate reporting. A new study from EY reveals that one group in particular is responding to this desire for greater transparency: audit committees. Read the rest of this entry »

Aug
07
2014

Wealth Transfer Versus Wealth Creation

By Donna Dabney, Executive Director, Governance Center, The Conference Board

A recently published article by Dr. Yvan Allaire and François Dauphine of the Institute for Governance of Private and Public Organizations (igopp) is well worth reading.  It expresses common sense thinking about empirical studies, activist hedge funds, and long term sustainable value. Read the rest of this entry »

Jun
16
2014

Cybersecurity framework: A starting point for companies

By Mary Ann Cloyd, Leader, PwC’s Center for Board Governance

  Editor’s Note: Additional resources on cybersecurity from The Conference Board can be found here.

Earlier this year, the National Institute of Standards and Technology’s (NIST) released its new Cybersecurity Framework.

Charles Beard, principal in PwC’s forensics practice and former senior vice president and general manager of Science Applications International Corp.’s cybersecurity group, and the Honorable Tom Ridge, former US Secretary of Homeland Security and co-founder of Ridge-Schmidt Cyber, discussed cybersecurity risk during PwC’s Center for Board Governance March 27 cybersecurity webcast.

“There are five things not addressed in the framework that are important for independent directors to understand,” Beard said during the webcast. They are as follows:

Read the rest of this entry »

Jun
04
2014

Did ISS get it right in recommending a vote against Target’s directors?

By Donna Dabney, Executive Director, Governance Center, The Conference Board

Several news sources recently reported that ISS is recommending a vote against seven of Target’s ten directors because they served on the Audit Committee or the Corporate Responsibility Committee at the time of the well-publicized data breach at Target last year.  How directors satisfy investors about the quality of their oversight is one of the key issues identified by The Conference Board Task Force on Investor Engagement in its reports released in March.1 That issue—the quality of director oversight–is front and center of the ISS recommendation to vote against seven of Target’s ten directors. Read the rest of this entry »

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