Boardroom Flash Vol.8/2016 2nd SEC Announcement for Board Directors
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Policy Brief
2nd SEC Announcement for Board Directors: Revised Specified Criteria Leading to a Lack of Confidence in Board Directors and Members of the Management Group Reference is made to the 2nd. Announcement of the Securities Exchange Commission,
(SEC) No. Kor Jor 3/2559, regarding the revised criteria leading to a lack of confidence in Board Directors and Members of the Management Group of a company, which is a follow-on announcement to the previous SEC Announcement No. Kor Jor 8/2553. (More details click)
CG News Update
Toronto Globe and Mail (Aug. 25) columnist Susan McArthur writes: "In order to improve the diversity of thinking around the boardroom table, we have to shake up conventional wisdom on what makes a good board member." She stresses the need to draw from a wider talent pool and seek outside-the-box candidates. Indeed, there are valuable perspectives on strategy, problem-solving, and other board issues to be gained from academia, the military, public service, and even Millennials. McArthur notes, "One of the best recent examples of a creative board choice is Julie Payette, who sits on the board of the National Bank. Payette is an astronaut . . .who has flown two space-shuttle missions and was chief astronaut for the Canadian Space Agency."
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