Spencer Stuart Board Index: How Boards Are ChangingJulie Hembrock Daum
The financial crisis of 2007-08 prompted a flurry of governance proposals, some of which are now coming to fruition in the form of declarations from the Securities & Exchange Commission that are meant to raise the bar on board disclosure about director recruitment and succession-planning practices. Meanwhile, board directors and corporate watchdogs alike await the outcome of other pending legislative and regulatory actions that are under review by the SEC or are wending their way through congressional committees. Proposals on the table include those that would make it easier and less expensive for shareholders to nominate board directors; give shareholders a say on executive compensation; and require boards to have a standing risk committee and a nonexecutive chairman.
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