;)
The recent whirlwind of legislative and regulatory activity has made it obvious that boards must be ready to adapt to a constantly changing business environment. As boards adapt to the new regulations and restrictions, NACD President and CEO Ken Daly has a list of eight things boards can do now.
Boards can:
- Focus on the business, especially during this time of economic stress and volatility
- Evaluate engagement with stockowners to find ways to improve two-way communications with an emphasis on new technologies and methodologies
- Focus on corporate board member education—the amount and nature
- Re-visit board governance processes—especially those that will enhance efficiency and effectiveness—and find ways to increase time for dialogue
- Look to NACD for information about the progress of the almost 300 new rules that will be required to implement the Dodd-Frank Act and make comments to regulators and others
- Look at board/committee evaluations with a critical eye towards possible improvements
- Focus on board composition and requisite stockowner communications
- Join NACD’s Leading the Way Initiative so we can amplify and advocate your good work