The Importance of the Audit Committee

The Importance of the Audit Committee

Effective governance includes a board of director’s ability to play a role in helping to maximize long-term shareholder value. In general, a board’s primary responsibilities are to oversee management, strategy, and financial reporting and compliance.  Audit committees...
The Board and a Corporate Crisis

The Board and a Corporate Crisis

In its capacity as a fiduciary for shareholders that oversees a company, a board of directors should be prepared to effectively oversee the response to an extraordinary circumstance or crisis that can potentially very negatively impact a business. Crisis management...
Recruiting Value-Added Directors

Recruiting Value-Added Directors

Replacing or adding a board member is a time- and labor-intensive process that starts with determining the skills an organization needs. Hopefully, a board has an existing skills matrix that shows the attributes of the existing directors. From there, the board can...
Term Limits for Corporate Directors

Term Limits for Corporate Directors

There are increasing conversations and more support from various governance organizations about term limits of generally about ten years for directors of publicly traded companies. The idea is  to refresh boards and adjust for an organization’s changing needs and...