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November/December 2023 — Vol. XLIV No. 263
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RESTRUCTURING: A BOARD RENEWAL OPPORTUNITY
by Julie Hembrock Daum and Marco Acerra
A major company shakeup allows a "clean slate" board approach.
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It is a moment of great stress for a company-a turnaround, restructuring, or even bankruptcy may be needed for the firm to survive. Along with all of the challenges and dangers owners and creditors face, there is an under-appreciated opportunity. A corporate governance "clean slate" approach will allow crafting board and governance structures the company needs to come back strong.
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A REVOLUTION IN BOARD REPORTING
by Mark Watson
New technology, graphics and data tools let you shape information targeted to board needs.
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Board papers have traditionally been repurposed management reports-useful for executives, but overly detailed and opaque for the specific needs of board members. Here is the latest on how new technology, graphics and data tools can give your directors the information they need, in ways that are most useful.
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"WORLD CLASS" DIRECTOR COMPENSATION
by Matt Vnuk and Dan Laddin
The past few years have seen a harsh spotlight on executive pay. Is board compensation next?
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While global "pay equity" debates rage over the compensation of top executives versus rank and file employees, pay setting for corporate board members has also drawn unwelcome criticism. Though the 2023 court case clawing back $735 million in pay to Tesla directors is an outlier, how well is your board shaping, and communicating, its own pay plan?
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UNLOCKING THE VALUE OF BOARD EVALUATIONS
by Dr. Sabine Dembkowski
What are the pitfalls of current board evaluation practices? What variables are crucial for an effective board?
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While board evaluation is increasingly a part of good corporate governance (and often mandated), directors themselves often are displeased with the process and results. In this article, the pitfalls of current practices are highlighted. The author spells out what to watch out for to unlock the value of board evaluations and offers a model that details the variables that are proven to matter and are crucial for building more effective boards.
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HOW COMPANIES CAN ADDRESS ESG BACKLASH
by Andrew Jones
ESG has seen a pushback over the past year. What should boards do?
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If the past few years were when environmental, social and governance (ESG) issues burst onto the main stage, 2023 has been a year for tough questions and pushback. Corporate ESG efforts are facing challenges both political and cultural, with some boards and management playing defense. What works best in dealing with ESG backlash?
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