As institutional investors and activists continue to focus on board composition, we’re seeing increased interest in the board evaluation process: How are boards using their evaluation process to improve performance and align board composition with strategy? Are directors giving enough consideration to board refreshment?
In this newsletter, I want to highlight a discussion that TK Kerstetter and I recently had on the current state of evaluations in today's boardrooms. We agree that too many boards still view the board evaluation as a compliance or check-the-box exercise rather than an opportunity to collect valuable feedback and improve performance.
Other topics we recently discussed in our weekly web show Inside America's Boardroomsinclude trends in shareholder engagement and the significance of BlackRock Chairman/CEO Larry Fink's 2018 Letter to CEOs.
Please see below for more insights, recent work, and upcoming activities from the Governance Center.