Operating an effective board

May 2013  |  SPECIAL REPORT: OPERATING AN EFFECTIVE BOARD

Financier Worldwide Magazine

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.

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IN ASSOCIATION WITH

Dentons

Ernst & Young

Hay Group

Proskauer