File Attachment(s) Reserve for IOD Member Only CG News Update [ 531.49 kb. ]

 CG News update Vol.2

Succession Planning Best Practices from Kimberly-Clark
February 4, 2019 By Kimberly Simpson

Founded in 1872, Kimberly-Clark Corp., the venerable packaged goods company that sells brands like Kleenex and Huggies, has grown to more than $18 billion in revenue, with 43,000 employees worldwide and a coveted spot at number 163 on the Fortune 500 list. The company could not have made it there without strong leadership, and part of its secret to growth is sound succession planning for their board.
Thomas Falk, chair and chief executive officer of Kimberly-Clark, recently spoke at an NACD North Texas Chapter program, sharing details of the company’s long-term succession planning process. This process culminated in the announcement of Falk’s imminent move into the executive chair role, with an internal successor taking the CEO position on January 1, 2019.
“The process of succession planning,” said Falk, “is like creating a sculpture out of clay.” It requires dedication and discipline. Falk suggests that other companies consider the quantitative and qualitative process that he and his board have followed over the years, which has five basic principles:... (Read more click download)

Roadmap For An Effective Management Risk Committee
February 5, 2019 By Jim DeLoac

Many companies have a management risk committee (MRC) as part of their risk infrastructure. While not part of the board, such committees, made up of the appropriate executives at the company and reporting to the board, nonetheless can contribute to the board’s risk oversight. How can your organization reap the benefits of this added oversight tool and maximize their effectiveness?... (Read more click download)
 

 Sponsored by