Increasing demands on directors’ time are prompting boards and committee chairs to regularly hold ad hoc “meetings between the meetings,” as directors call them, ranging from quick, 30-minute discussions to lengthier deep dives, as boards grapple with packed agendas that leave little room for broader emerging issues. Research suggests that increasing time demands — whether from official board meetings or shorter, informal ones — are also leading to directors’ resignations from boards.
But many directors say the additional meetings are necessary to fulfill their oversight responsibilities. In addition to the formation of temporary committees and the proliferation of offline conference calls, committee chairs are also working to make their meeting agendas more adaptive so directors can focus on key issues as they emerge, while pushing routine business — barring something critical — into preparatory reading material or to a between-meetings call. That flexibility allows committees to avoid situations in which discussion of regular agenda items during audit committee meetings, for example, leaves only seven minutes at the end for cyber risk.
Boards have been steadily reinforcing their ranks through the addition of more directors with military…
Governance Professionals Caution Against Knee-Jerk Reactions to Shifting Political Winds Meta Platforms added Dana White,…
Where CEO pay climbed and performance sank last year Danaher and United Parcel Service were…
As artificial intelligence grows more accessible, boards may have no choice but to embrace it…
A look at the demographics and skills of S&P 500 directors. Corporate boards have greater…
Companies with independent directors who've served on the board for more than 15 years are…