Boardroom Flash Vol. 4/2018 What to Look for in an Effective Audit Committee Chair
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CG News Update
What to Look for in an Effective Audit Committee Chair
The audit committee’s docket grows fuller every year, and that increased complexity requires stronger leadership. PwC’s Paula Loop describes the qualities of what boards need to strengthen the work of this critical role. (More details click)
Regions Recognized for Board Diversity Regions Financial Corp. has been named a Winning "W" Company by the nonprofit 2020 Women on Boards campaign for having 20 percent or more of its board seats held by females, reports the Birmingham Business Journal (April 14, Coker). Regions' board is currently 36 percent diverse based on gender, race, ethnicity, and sexual orientation. Betsy Berkhemer-Credaire, CEO of 2020 Women on Boards, remarks, "Regions is an outstanding example of how positive change happens through intentional efforts toward best practices in governance." Over the past couple of years, the board has adopted proxy access; appointed a trio of new independent directors, one of whom is diverse; further expanded the responsibilities of the lead independent director; and enhanced the board's self-evaluation program. It has also assigned oversight of environmental stewardship and corporate social responsibility to the board's nominating and corporate governance committee and enhanced director recruitment criteria. (More details click)
The above summary appeared in Directors Daily, a publication of the National Association of Corporate Directors (NACD), nacdonline.org, in the United States. NACD, along with Thai IOD and other leading director organizations, is a member of the Global Network of Director Institutes. Quoted with permission from NACD.
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