Operating an effective board


Financier Worldwide Magazine

May 2013 Issue

May 2013 Issue

Today’s boards face intense scrutiny on a broad front and, in an evolving corporate landscape, must deliver in the area of strategy and company performance, while steering the firm from emerging risks and crises. All the while, they must balance the issues of corporate ethics, executive compensation, and ever-changing regulations. While the majority achieves this, many boards do not fulfil their potential. Typically, such boards comprise directors who are distanced and detached. Companies therefore require board members who fully understand and can actively engage in virtually all aspects of an enterprise’s operations. Directors must understand the scope of their key responsibilities and fulfil those responsibilities thoughtfully and thoroughly. At the same time, they must be willing to ask difficult and uncomfortable questions.

FORUM: Executive compensation and the pay-for-performance challenge

FW moderates a discussion on executive compensation between Pamela Baker at Dentons US, Carl Sjostrom at Hay Group, James E. Gregory at Proskauer, and Jens Massmann at Ernst & Young.

Boards, compliance and reputation: diving shallow versus diving deep

RAND Center for Corporate Ethics and Governance The corporate boardroom in 2013 is under pressure to change. That pressure is coming from multiple different directions. Basic questions have been raised about the evolving role of boards, at a time when scandal and perceptions of corporate opportunism have resulted in a loss of...

Auditor independence: mandatory auditor rotation and the increased burden for audit committees

McKenna Long & Aldridge LLP The role of independent committees of a board of directors, such as the audit committee, the compensation committee, the nominating and governance committee, and perhaps a risk management committee, is becoming increasingly important as significant responsibilities shift to the...

Enterprise risk management tools create shareholder value

ERM Strategies, LLC Enterprise Risk Management (ERM) has received increased attention over the last decade from corporate directors and officers, perhaps due to the challenging and often inconsistent execution of business strategy at many organisations. These business leaders are looking at ERM as a...

10b5-1 trading plans under the microscope

Woodruff-Sawyer & Co. Could abuses of 10b5-1 trading plans become the next corporate governance scandal? The fundamental principle underlying Rule 10b5-1 of the US securities laws is that an insider is not engaged in manipulating the market – even if the insider possesses material,...

Latin America: M&A anti-corruption due diligence

BDO Consulting Rapid growth in Latin American markets present attractive business opportunities for investors, as demonstrated by significant private equity investment during 2012, up 21 percent from 2011, according to the Latin American Private Equity and Venture Capital Association. While the...

IP risks and opportunities – portfolio management and product clearance

Kilburn & Strode LLP Every fighter knows that you are not going to win a battle by soaking up the blows without giving a little back. Every business knows the same thing, and IP matters are no different. Whenever you consider IP you should always be thinking about two things. For your own...



Ernst & Young

Hay Group


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