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Board of Directors

Oversight Overload: Be prepared with a comprehensive corporate governance framework

In November 2014, the National Association of Insurance Commissioners (NAIC) formally adopted the Corporate Governance Annual Disclosure Model Act and Corporate Governance Annual Disclosure Model Regulation. Collectively, these acts require a company to file a Corporate Governance Annual...

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Board of Directors

Follow the Money: A new wave in executive compensation

MCC: Let’s begin broadly. What does it mean to align executive pay with corporate strategy? Franklin: First, let’s talk about strategy in the boardroom. An earlier NACD Blue Ribbon Commission as well as this one believes that the best practice today is for strategy formulation to be...

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Board of Directors

Total Recall: Diversity enters the fourth dimension in the boardroom and beyond

MCC: Let’s talk about how to define diversity when it comes to board directors. How has the definition evolved? Bew: The definition of diversity is becoming more comprehensive. Demographic diversity in terms of gender, race, ethnicity or age is usually what first comes to mind. In...

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