Improving Board Evaluations of Corporate, Management, and Its Own Performance
February 08, 2023 | Report
The intensified focus on ESG and stakeholder capitalism should not only be reflected in the board’s responsibilities, but also echoed in its processes for evaluating the company’s, senior management’s, and the board’s own performance. Currently, these evaluation processes tend to be discrete and somewhat disconnected. It’s especially important that the board’s assessment of senior management’s performance and its own performance tie back to the evaluation of the company’s performance.
Overview and Supplements
The insights in the overview of this report and its supplements are based on 1) findings from discussions with and polls of a 2022 working group of over 240 executives from 137 companies, 2) data provided by data analytics firm ESGAUGE, and 3) a survey of 80+ general counsel and corporate secretaries.
The publication is divided into five parts:
- The Roles of the Board in the Era of ESG and Stakeholder Capitalism (Overview and Key Insights)
- Incorporating ESG and Stakeholder Interests into Board Business Decisions(Supplement 1)
- Optimizing Board Composition, Structure, and Capabilities in the Era of ESG and Stakeholder Capitalism (Supplement 2)
- Enhancing Board Information and Stakeholder Engagement in the Era of ESG and Stakeholder Capitalism(Supplement 3)
- Improving Board Evaluations of Corporate, Management, and Its Own Performance in the Era of ESG and Stakeholder Capitalism (Supplement 4)
AUTHORS
Paul Washington
President and CEO
Society for Corporate Governance
Fellow
The Conference Board ESG Center
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Complimentary.
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Incorporating ESG and Stakeholder Interests into Board Business Decisions
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Enhancing Board Information and Stakeholder Engagement in the Era of ESG and Stakeholder Capitalism