Over the past two years, my colleagues and I, at Executive Advisory and the University of Chicago, have conducted research that has demonstrated that diversity is a crucial business tool in achieving corporate success. Corporate leaders have reviewed our research positively and, as outlined below, are taking bold actions to create more diverse […]
Tag Archives | corporate governance
Board Director Compensation
The annual compensation paid to board directors is generally composed of an annual cash retainer, board meeting fees, and stock options or stock grants. These stock options are generally equivalent in value to 20-25% of a director’s annual retainer. A standard compensation package might consist of a $93K cash retainer, $1.5K fee per board meeting […]
The Grid Board Seat Selection Method
A typical approach to the selection process for board appointment is the grid matrix. The grid functions as an easy way to identify the different areas of expertise and experience that the directors on a board lack now or will lack in the future. The grid matrix is formatted with the board’s desired backgrounds listed […]
Boards During Coronavirus
The coronavirus outbreak has presented a number of unexpected challenges for individuals and corporations alike, and now more than ever, companies can benefit from the kind of experienced judgement that well functioning boards can provide. During these unstable times, companies will benefit most if the board can strike a balance between supporting and challenging the […]
What does a typical board meeting look like?
Board meetings are typically held 6-8 times per year to allow the board to discuss company strategy, hear financial reports, and discuss reports and recommendations from the executive director and any standing committees. To begin a meeting the chair first determines if a quorum is present. Typically, if there is no established quorum then a simple majority is sufficient […]
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