Future of the American Board

The Future

of the

American Board

Learn more about the Future of the American Board

Be a Part of Tomorrow’s Boardroom

The Commission outlines what it means to be a high-performing board and ultimately to position boards to help their companies meet the challenges of a more-turbulent future.

home

Looking Ahead

Mission

Meet the Commission

News and Insights

Welcome to the Future of the American Board

Learn about the Commission and its purpose

The environment businesses and boards face today in the future will be characterized by fast paced, interdependent disruption

Increasing Board Expectations

Focus on Full Board Performance

Partners

The Future of the American Board Report: A Framework for Governing into the Future

Data on the Future

Navigating the Modern Disruptors Impacting Business Today

From climate change to COVID variants, businesses must confront a wave of major, simultaneous and interconnected trends that are redefining how companies create and preserve value, and subsequently how they are governed.

How directors view the future

Over the next three years, which of the following changes do you expect to see in American boards?

Which of the following practices will be less acceptable on American boards in the future?

Boards today bear a tremendous responsibility to the organizations and communities they serve—one that requires a fresh perspective on board performance, quality, transparency, and value"

“

Peter Gleason

President & CEO

The Commission’s Mission

What are the Commission’s Objectives and Structure?

Develop guiding principles to help boards build toward high performance in a more demanding, inclusive, and turbulent future

I am proud to serve as cochair for this Commission and look forward to collaborating with this exemplary group to challenge the status quo in today's boardrooms," said Cole. "This is a unique opportunity to carefully examine prevailing board governance norms and to identify the critical drivers of strong board performance for the coming decade."

“

Sue Cole

Cochair

Goal of the Commission

Meet the Commission

Here are the leaders helping shape the Future of the American Board

The Commission will produce a set of foundational, guiding principles designed to help boards achieve high-performance in a more demanding, inclusive, and turbulent future.

These principles will be accompanied by tools and practical, prescriptive guidance for boards to use in their journey towards effective, high-performance governance.

Structure of the Commission

Commission’s Work

Learn the Commission’s guiding principles, work output, and tools

Committee Working Groups

Full Board Commission

The first part of the initiative will be driven by the Full Board Commission. It will be responsible for identifying areas where past norms are outdated and developing high-level guidance to advance board effectiveness across the range of full-board responsibilities.

Full Board Commission

Committee Working Groups

Meet the full Commission and their Primary Organization Affiliations and Selected Board Seats

Compensation Committee:

Full Board Commission

Committee Working Groups

Audit Committee:

Nominating and Governance Committee:

Risk Committee:

In the News

News

Keeping Up with a Changing World

Independent Director, Commission Co-Chair

The Purpose

Can the prevailing governance model be adapted to changing times or is a fundamental reshaping in order?

The Commission’s purpose is to develop guiding principles to help boards build toward high performance in a more demanding, inclusive, and turbulent future.

This is a critical time to advance board performance across many dimensions, including how we compose our boards,” said McNabb. “As we embark on this effort, we will focus on supporting the heightened mandate for boards to steward long-term value creation for their companies."

“

Bill McNabb

Bill McNabb, Former Chief of Investment Giant Vanguard, Wants Your Board to Take the Long View

insights

See coverage of the NACD Future of the American Board and learn the latest updates in the additional resources below.

NACD Blue Ribbon Commission: Fit for the Future

NACD Blue Ribbon Commission on Building the Strategic Asset Board

NACD Blue Ribbon Commission on Director Professionalism

2011 NACD Key Agreed Principles

SCP Publications

Preparing the Future American Board

The Future of the American Board Report: A Framework for Governing into the Future

Hover over to explore

ESG metrics/reporting will receive as much scrutiny as financial metrics/reporting

Much more extensive use of data analytics to support board decision-making

Vastly increased time commitment to board service

Underperforming directors will be held accountable

Increased use by the board of expert outside advisors

Expansion of the number of standing committees

Recruitment of professional directors (those without commitments as sitting executives)

Expanded board sizes to contend with demands on the board

Dedicated staff to independently support the board

59.3%

54.8%

50.0%

42.7%

41.9%

33.1%

22.2%

16.5%

8.1%

Boards without diversity

91.6%

54.6%

40.6%

39.8%

29.7%

6.4%

Combination of CEO and Chair roles

Automatic renomination of directors

Focusing on shareholders at the expense of other stakeholders

CEOs remaining silent on social issues

CEOs serving on boards of other companies

Audit + Nominating and Governance + Compensation + Risk

Ms. Cole is currently the managing partner of SAGE Leadership & Strategy LLC, a boutique advisory firm she founded in 2011 to advise family businesses and large non-profits on strategy, leadership development, and governance. She has more than 35 years of experience in the financial services industry, including corporate lending and wealth management. Before founding SAGE, she was a principal with Granville Capital Inc. for five years. She served as regional CEO for the Mid-Atlantic at United States Trust Company N.A., where she was responsible for the strategic direction, growth, and leadership of five offices in North Carolina, Philadelphia, and Washington, DC. She also served as president of North Carolina Trust Company, the predecessor to U.S. Trust Company of North Carolina.

Sue Cole (Cochair) Managing Partner, SAGE Leadership & Strategy Biscuitville Inc., Diversified Trust Co., Martin Marietta Materials Inc., NACD

Continuous and Concurrent Change

The proliferation of new risks and actors are demanding higher performance from boards on a range of issues

Increasing Board Expectations

This Commission will develop principles to help the full board better navigate and find success in the constantly evolving business landscape of the future

Focus on Full Board Performance

The working groups have been established and will publish their work in early 2023. Utilizing the guidance developed by the Full Board Commission, working groups led by NACD Strategic Content Partners will address the future of each of the major board committees and focus on addressing:

• Mandate • Scope • Charter • Emerging Skills & Competencies

Hover to learn more +

Next: Meet the Commission

Previous: Looking Ahead

Sue Cole (Cochair)

Bill McNabb (Cochair)

Luis Aguilar NACD.DC

Orlando Ashford

Jan Babiak

Lynn Nowicki Clarke

Nora Denzel NACD.DC

Peggy Foran NACD.DC

Peter Gleason

Linda A. Hill

Shelley Leibowitz NACD.DC

Michael Marquardt NACD.DC

Sara Mathew

John Roe

Judy Samuelson

Teresa Sebastian NACD.DC

Larry Thompson

Donna Zarcone NACD.DC

Holly Gregory

F. William McNabb III is the former chair and CEO of Vanguard. He stepped down as CEO at the end of 2017 and as chair at the end of 2018. Earlier in his career, he led each of Vanguard’s client-facing business divisions. A board member of UnitedHealth Group and chair of EY’s Independent Audit Quality Committee, he also chairs the board of the Zoological Society of Philadelphia. In addition, he is a board member of CECP: The CEO Force for Good and of the Philadelphia School Partnership. McNabb is the executive in residence at the Raj & Kamla Gupta Governance Institute at the LeBow College of Business. He serves on the advisory boards of the Ira M. Millstein Center for Global Markets and Corporate Ownership at Columbia Law School, the Wharton Leadership Advisory Board, and the Dartmouth Athletic Advisory Board. He is also a member of The Wharton School’s Graduate Executive Board.

Bill McNabb (Cochair) Altruist Corp., Axiom Global, Evelyn Partners, IBM, Nexii, United Health Group Inc., Vanilla

Luis A. Aguilar is a former Commissioner at the U.S. Securities and Exchange Commission. Commissioner Aguilar was originally appointed by President George W. Bush and was reappointed by President Barack Obama in 2011. Commissioner Aguilar was an early advocate for the importance of focusing on cybersecurity issues and led the effort to bring together public and private sector experts as part of the SEC’s first Cybersecurity Roundtable held in March 2014. Commissioner Aguilar's previous experience includes serving as the general counsel, head of compliance, executive vice president, and corporate secretary of Invesco, with responsibility for all legal and compliance matters regarding Invesco Institutional. In addition, he was also Invesco’s Managing Director for Latin America in the 1990’s, and president of one of Invesco’s broker-dealers. His career includes tenure as a partner at the following prominent national law firms: McKenna Long & Aldridge, LLP (subsequently merged with Dentons US LLP); Alston & Bird LLP; Kilpatrick Townsend & Stockton LLP; and Powell Goldstein Frazer & Murphy LLP (subsequently merged with Bryan Cave LLP). He began his legal career as an attorney at the U.S. Securities and Exchange Commission.

Luis Aguilar Envestnet Inc., Donnelley Financial Solutions Inc., NACD Atlanta Chapter

Orlando Ashford is the executive chair of Azamara and most recently served as president of Holland America Line. Previously, Ashford was president of the Talent Business Segment for Mercer. Earlier, he served as senior vice president, chief human resources and communications officer, of Mercer's parent company, Marsh & McLennan Companies. Ashford chairs the compensation committees of Array Technologies and Hershey Entertainment & Resorts Co. He also serves on the board of the Perrigo Co. Ashford received the 2019 Executive Excellence Award from Seattle Business Magazine and was named one of the Most Powerful Executives in Corporate America by Black Enterprise magazine (2017). He has been named to the NACD Directorship 100 (2013 and 2014), and since 2012 has been named to Savoy Magazine’s list of Top 100 Most Influential Blacks in Corporate America.

Orlando Ashford Array Technologies, Hershey Entertainment & Resorts Co., Perrigo Co. PLC

Jan spent 28 years in global leadership and board roles with EY, the last 20 based in London leading practices with a focus on information security/cyber risk and climate change and sustainability as well as others, before starting her ‘portfolio career’. Her public board portfolio now includes Walgreens Boots Alliance, a S&P 20 company, where she chairs the Audit Committee and Bank of Montreal, which is included in the Canadian TSX 10. She is a past board member and Audit Chair for Logica plc, a then UK FTSE 150 technology company and also the Royal Mail, a FTSE 100 company.

Jan Babiak Bank of Montreal, Euromoney Institutional Investor PLC, NACD Nashville Advisory Board, Walgreens Boots Alliance Inc.

Lynn Nowicki Clarke is an independent director, chair, and CEO with executive experience at PepsiCo and General Mills and CEO experience in private equity firms and in e-commerce/DTC. She has diverse industry expertise, including CPG, manufacturing, distribution, food service, digital, and technology. To date, she has served on more than a dozen privately held boards as an independent director and/or chair. The National Association of Corporate Directors (NACD) has named her the 2021 Private Company Director of the Year. Along with her board service, Clarke is also operating partner for several CPG/DTC early stage companies, guiding them to profit stage and exit. She is a frequent speaker on board governance and entrepreneurship, most recently at the Kellogg School at Northwestern University, the Family Business Consulting Group Chair Program, Google E-commerce Traffic Summit, the Private Company Governance Summit, and numerous NACD, WCD, and Private Director Association programs.

Lynn Nowicki Clarke Operating Partner, Jelly Belly Sparkling Waters Independent Director: Basic American Foods (Governance Chair), Vollrath Manufacturing (Compensation Chair), Diana's Bananas & A. Duie Pyle

Nora M. Denzel is a Silicon Valley technology executive. Before transitioning to full time board work, she was the interim CEO of Redbox (Outerwall) and held several C-Suite positions in technology companies encompassing leading big data, consulting, enterprise software and storage businesses. Her functional expertise as a board member is applying technology to transform companies, achieving innovation at scale, and turning technical concepts into narratives and strategies that anyone can understand. Nora has served on eight public boards and is currently an independent board member of four public companies, including AMD, NortonLifeLock, Ericsson, and SUSE. She chairs the compensation committees of AMD and SUSE and serves on Ericsson’s, AMD, and NortonLifeLock’s innovation and technology committees. Until 2012, Nora was a key C-suite executive at Intuit (the makers of TurboTax® and Mint®). She retired as the SVP of Big Data and was responsible for driving data analytics company-wide to delight Intuit’s fifty-million customers. Previously, she served as a senior executive at HP Enterprise. Nora served on the non-profit board of AnitaB.org (an organization dedicated to increasing the number of women in computing), and both the Northern California Chapter board and Florida Chapter board of NACD. She holds an MBA from Santa Clara University. Denzel is NACD Directorship Certified .

Nora Denzel, NACD.DC Advanced Micro Devices, Ericsson, NACD, NortonLifeLock Inc.

Peggy Foran is chief governance officer, senior vice president, and corporate secretary of Prudential Financial Inc. Her role at Prudential also includes oversight of the company’s Shareholder Services and Sustainability divisions. She has been a corporate governance leader throughout her career at Sara Lee Corp., Pfizer, and J.P. Morgan & Co. Foran is a director on the board of Orion Group Holdings and serves on its compensation and nominating committee and its corporate governance committee. She has been recognized as one of the Most Influential People in Corporate Governance by NACD Directorship magazine for five consecutive years. In 2015, Foran received both the Linda Quinn Lifetime Achievement Award from TheCorporateCounsel.net, and Corporate Secretary Magazine’s Lifetime Achievement Award. In 2013, Corporate Secretary magazine named Foran “Governance Professional of the Year.” In 2011, she was identified by Treasury and Risk magazine as one of the Most Influential People in Finance. Foran is NACD Directorship Certified .

Peggy Foran, NACD.DC Senior Vice President, Chief Governance Officer and Corporate Secretary, Prudential Financial Inc. Orion Group Holdings Inc.

Peter Gleason has been the CEO of NACD since 2017. Gleason is a recognized expert on board leadership and corporate governance. He serves as a member of NACD's national faculty, is regularly quoted in the media, and is a frequent presenter on the subjects of corporate governance, executive and director compensation, risk, strategic planning, and board/shareowner relations. Gleason has served as a commissioner on every NACD Blue Ribbon Commission report since joining NACD in 2000 and is an NACD Board Leadership Fellow. He currently serves on the NACD board, the advisory board of NuraHealth, Inc., and the International Integrated Reporting Council (IIRC). He is the immediate past chair of the Global Network of Director Institutes (GNDI) and the former chair of the International Professional Practices Framework Oversight Council of the Institute of Internal Auditors. Before joining NACD, Gleason was a management consultant with both Ernst & Young and Pritchett & Associates. He also served as vice president and director of US Research for Institutional Shareholder Services.

Peter Gleason President and CEO, NACD Nura Health Inc.

Linda A. Hill is the Wallace Brett Donham Professor of Business Administration at the Harvard Business School and chair of the Leadership Initiative. She is cofounder of Paradox Strategies—an advisory and research firm that advises organizations and boards on leadership, innovation, and diversity and inclusion. Hill is a director of Relay Therapeutics and a trustee of the ArtCenter College of Design and of Brigham Health. She was named by Thinkers50 as one of the top 10 management thinkers in the world (2013) and is a recipient of the Thinkers50 Innovation Award (2015). Hill is the author or coauthor of several award-winning articles and books including Collective Genius: The Art and Practice of Leading Innovation (2014) and Becoming a Manager: How New Managers Master the Challenges of Leadership (2019). Hill’s TED talk on how to manage for collective creativity has received more than two million views. Hill is a member of the Board of Directors of Relay Therapeutics where she Chairs the Nominating and Governance Committee, and is on the Board of Trustees of the ArtCenter College of Design and of Brigham Health. She is also a member of the Team8 Fintech Strategic Committee and she serves on the advisory boards of several organizations.

Linda A. Hill Wallace Brett Donham Professor of Business Administration, Harvard Business School, Faculty Chair of the Leadership Initiative Cofounder, Paradox Strategies

Prominent technology advisor, thought leader, and director Shelley Leibowitz has spent her career at the intersection of financial services and technology, with both private sector and public sector experience. After more than two decades of chief information officer roles at top-tier financial services companies, she served as group-wide chief information officer for the World Bank. Leibowitz is a seasoned corporate director and currently serves on the board of Morgan Stanley as well as several privately held companies in the fintech and information security arena. She is a lifetime member of the Council on Foreign Relations, on the board of the NACD New York Chapter, on the advisory board for the Center for Development Economics at Williams College, on the CNAS Council, and on the New York board of buildOn, a nonprofit that runs service and learning programs in urban high schools across the country. Leibowitz is NACD Directorship Certified .

Shelley Leibowitz President, SL Advisory BitSight Technologies Inc., Elastic NV, Morgan Stanley, NACD New York Chapter, Supply Wisdom Inc.

Michael Marquardt is a global executive who has been the CEO of several companies in the technology and health-care sectors and who served as president of the global risk management firm founded by former FBI Director Louis Freeh. He is a global advisor and director who has chaired and served on corporate boards in Indonesia, Malaysia, France, and the United States. Following a lifelong commitment to fighting cancer after losing several loved ones to the disease, Marquardt is the chair of the American Cancer Society board, one of the nation’s oldest and largest nonprofit organizations. He has lived and worked in Europe, Asia, and the United States and is fluent in his native German. He holds the CERT Cyber-Risk Oversight Certificate for corporate directors and has been an NACD Board Leadership Fellow since 2014.

Michael Marquardt CEO, Global Kompass Strategies Inc. American Cancer Society Inc. (Chair), PT AA International Indonesia (Chair), Commonwealth Trust Co., Malaysian Alliance of Corporate Directors, Strategic Partnerships LLC

Sara Mathew is the former chair and CEO of Dun & Bradstreet (D&B). She joined D&B in August 2001 as CFO, after 18 years at Procter and Gamble. At D&B, she was CFO and SVP of International; CFO and president of US business; and president and COO. She became CEO in January 2010, and chair of the board in July of that year, remaining in that position until her retirement in 2013. Mathew is chair of Freddie Mac and a director of State Street, and NextGen SPAC. Mathew was named among Financial Times magazine’s 50 Women at the Top (2013); as an S&P500 Top Value Creator by Chief Executive (2014); to the NACD Directorship 100™ (2015); and as FWA’s Woman of the Year (2017). She received Ascend/Deloitte’s Pan Asian Director of the Year award (2018) and was named the NACD New Jersey Chapter’s Director of the Year (2019).

Sara Mathew Freddie Mac (Chair), Dropbox, State Street, XOS

John Roe’s BlackRock team engages companies and others in the investment stewardship ecosystem to promote the governance and business practices aligned with long-term value creation by the companies in which BlackRock invests on behalf of clients. The BIS Americas team is responsible for engaging with and voting proxies at more than 4,500 companies across North America, Central America, and South America. Previously, John was a Partner and co-leader of the ESG practice at the corporate communications firm Joele Frank. In this role he advised boards of directors and senior executives on ESG matters including board composition, diversity & inclusion, executive compensation, ESG disclosure and reporting, and shareholder engagement. He has additionally led the Analytics Division and corporate advisory teams at Institutional Shareholder Services (ISS), a proxy advisory firm, and served as the Chief Operating Officer and Chief Compliance Officer of a registered investment advisor. John served on the White House staff supporting the development of the Office of Homeland Security in 2001-2002, was a consultant with McKinsey & Company, and served as an officer in the United States Coast Guard. John is also a licensed pilot, a shade tree mechanic, and a recovering electrical engineer.

John Roe Managing Director, Head of BlackRock Investment Stewardship (BIS), Americas

Judy Samuelson is founder and executive director of the Aspen Institute’s Business and Society Program and author of Six New Rules of Business: Creating Real Value in a Changing World (2021). Signature programs under Samuelson’s leadership include a 10-year campaign to disrupt Milton Friedman’s narrative about corporate purpose, the Aspen Principles of Long-Term Value Creation, and a partnership with Korn Ferry to rethink executive pay. She previously worked in legislative affairs in California and banking in New York’s garment center and ran the Ford Foundation’s office of program-related investments. Samuelson blogs for Quartz at Work. She is a Bellagio Fellow and a director of the Financial Health Network.

Judy Samuelson Founder, and Executive Director, Business and Society Program, The Aspen Institute Financial Health Network Inc.

Teresa Sebastian serves on the board of Kaiser Aluminum Corp. as a member of the audit committee and the nominating and governance committee and on the board of AES Corp as a member of the audit and compensation committee. She also serves on the board of Juul Labs Inc., a private company, where she chairs the audit committee and serves on the compensation committee. Sebastian has spent two decades in boardrooms driving strategy, creating shareholder value, and implementing best practices. She is the CEO of The Dominion Asset Group, and previously held C-suite positions at Darden Restaurants, Veyance Technologies, and Information Resources. Sebastian also has more than two decades of leadership experience in the energy and finance industries. She is a recognized expert in governance, enterprise risk, compliance, regulations, securities, and internal audit. Sebastian is an NACD Board Leadership Fellow and a member of WomenCorporateDirectors and the Private Directors Association. Sebastian is NACD Directorship Certified .

Teresa Sebastian President and CEO, The Dominion Asset Group Edward Jones Bank, Juul Labs Inc., Kaiser Aluminum Corp., NACD Nashville (Advisory Board), Terminix Global Holdings, The AES Corp.

Larry D. Thompson joined Finch McCranie LLP as Counsel in July 2015 and is the former U.S. Deputy Attorney General (2001-2003), the second highest ranking position in the U.S. Department of Justice. During his tenure as Deputy Attorney General, Mr. Thompson led the Department of Justice’s National Security Coordination Council, as well as the government-wide Corporate Fraud Task Force. Prior to serving as U.S. Deputy Attorney General, Mr. Thompson was a partner with the Atlanta-based law firm of King & Spalding, LLP. He previously served as U.S. Attorney for the Northern District of Georgia from 1982 to 1986. From 1995 to 1998, he served as Independent Counsel for the Department of Housing and Urban Development Investigation. In 2017, Mr. Thompson was appointed by the U.S. Department of Justice as the Independent Corporate Compliance Monitor and Auditor for Volkswagen AG, serving 2017-2020.

Larry Thompson Counsel, Finch McCranie LLP (Former US Deputy Attorney General) Franklin Limited Duration Income Trust, Franklin Universal Trust, Templeton Dragon Fund, Templeton Emerging Markets Income Fund, Templeton Emerging Markets Fund, Templeton Global Income Fund

Donna F. Zarcone is the former president and CEO of the Economic Club of Chicago. She currently serves on the boards of CDW, Cigna Corp., The Duchossois Group, and Quinnox, and on the advisory boards for the Polsky Center for Entrepreneurship and Innovation at the University of Chicago, the Smithsonian National Board, and The Chicago Club Preservation Foundation. Zarcone previously served as president of Harley-Davidson Financial Services and as board chair for Eaglemark Savings Bank, both subsidiaries of Harley-Davidson. She has also served as chief financial officer for two successful entrepreneurial start-ups in technology leasing and financial services. Zarcone is NACD Directorship Certified .

Donna Zarcone, NACD.DC CDW Corp., Cigna Corp., The Duchossois Group Inc., Quinnox Inc., Smithsonian National Board, Polsky Center for Entrepreneurship and Innovation at the University of Chicago

Holly J. Gregory is a partner at Sidley Austin LLP and cochair of its global Corporate Governance and Executive Compensation practice. She also coleads Sidley’s Crisis Management and ESG teams. Gregory helped draft the Organization for Economic Co-operation and Development’s Principles of Corporate Governance and advised the Internal Market Directorate General of the European Commission on corporate governance regulation. Gregory is president of the American College of Governance Counsel. She chaired an American Bar Association task force that delivered a major report on governance roles and responsibilities to Congress and the US Securities and Exchange Commission in 2009 and has authored numerous articles on governance topics. In 2010, Gregory was recognized in the Guide to the World’s Leading Women in Business Law as the leading practitioner in corporate governance law, and her name has appeared on the NACD Directorship 100 list every year since its inception.

Holly Gregory Partner, Sidley Austin LLP

Special Advisor to the Commission:

How boards see the future of governance.

Next: Mission

Previous: Home

Next: Looking Ahead

Next: News and Insights

Previous: Mission

Previous: Meet the Commision

Mega trends impacting business today

Reinvention of industry and business models

Growing social activism

Social media-driven hyper-transparency

Climate change

Heightened investor expectations and activism

Increasing geopolitical instability

Exponential changes in digital technology

Demographic and workforce transformations

Boards today bear a tremendous responsibility to the organizations and communities they serve—one that requires a fresh perspective on board performance, quality, transparency, and value"

“

Peter Gleason

President & CEO

Resilience: Leading for the long term

Is the board helping the business keep pace?

Heavier committee work calls for coordination, communication

Unlocking the Benefits of a Diverse Board of Directors

In the Headlong Rush to Put ESG Metrics into Incentive Plans, We May Need a Speed Bump

Revisiting Business Strategy and Compensation Alignment in Light of COVID-19

The Evolving State of Board Assessments

Promoting Cultural Health in a Post-COVID World

Evolutions in Risk Oversight: Lessons Learned for the Decade Ahead

Political Risk Map 2021: Mid-Year Update

De-Risking the Transition

Board Monitor US 2021 | Insights | Heidrick & Struggles

The Chair Imperative: A new mandate for leading in a new world

Building momentum for sustainability in the boardroom

Leading From The Chair – Mellody Hobson

Building a Spinoff Board

Tap to learn more +

Full Board Commission

Audit + Nominating and Governance + Compensation + Risk

Committee Working Groups

• Mandate • Scope • Charter • Emerging Skills & Competencies

Full Board Commission

Committee Working Groups

Over the next three years, which of the following changes do you expect to see in American boardrooms?

Which of the following practices will be less acceptable on American boards in the future?

Envestnet

What actions has your board undertaken over the last year to increase its agility/responsiveness?

Will board of directors widen their definition of success to include the societal impact of operations?

65.5%

49.2%

33.3%

30.7%

23.9%

11.0%

10.6%

More frequent reporting from management on critical risk indicators

Increased the frequency of less formal board-management interactions outside of standard board meetings

Use of ad hoc committees to rapidly engage on emerging issues

Changed the process for board meeting agenda setting

More frequent updating of director skills matrix to improve board refreshment

Conducting tabletop/simulation excercises with the full board

Development of playbooks to address critical risks

62.2%

37.8%

Yes

What actions has your board undertaken over the last year to increase its agility/responsiveness?

Will board of directors widen their definition of success to include the societal impact of operations?

65.5%

49.2%

33.3%

30.7%

23.9%

11.0%

10.6%

More frequent reporting from management on critical risk indicators

Increased the frequency of less formal board-management interactions outside of standard board meetings

Use of ad hoc committees to rapidly engage on emerging issues

Changed the process for board meeting agenda setting

More frequent updating of director skills matrix to improve board refreshment

Conducting tabletop/simulation excercises with the full board

Development of playbooks to address critical risks

What actions has your board undertaken over the last year to increase its agility/responsiveness?

Will boards of directors widen their definition of success to include the societal impact of operations?

62.2%

37.8%

Yes

NACD Future of the American Board Virtual Press Conference

NACD Launches The Future of the American Board Report: A Framework for Governing into the Future

NACD Launches Commission to Explore the Future of the American Board

NACD Future of the American Board Commission Co-Chair Bill McNabb on Bloomberg TV discussing The Future of the American Board Report release.

NACD Launches Commission to Explore the Future of the American Board

NACD Future of the American Board Commission Co-Chair Bill McNabb on Bloomberg TV discussing The Future of the American Board Report release.

NACD and Pearl Meyer Publish Compensation Committee Blueprint to Guide Board Leaders as Part of the Future of the American Board Initiative

Download the Audit Committee Blueprint

Download The Audit Committee Blueprint

Download The Future for the American Board: A Framework for Governing into the Future Report

Download Committee Blueprints

Download the Compensation Committee Blueprint

Download the Audit Committee Blueprint

Download the Nominating & Governance Committee Blueprint

Download the Executive Summary

Download the Report

Download The Future for the American Board: A Framework for Governing into the Future Report

Download Committee Blueprints

Download the Compensation Committee Blueprint

Download the Audit Committee Blueprint

Download the Nominating & Governance Committee Blueprint

Download the Executive Summary

Download the Report

NACD and KPMG Partner on Audit Committee Blueprint Highlighting 10 Essential Areas of Focus as Part of the Future Of The American Board Initiative

NACD and Korn Ferry Release Nominating and Governance Committee Blueprint with Key Guidance on Five Core Themes as Part of the Future of the American Board Initiative

Download the Risk Committee Blueprint

NACD and Marsh McLennan Call on Boards to Elevate Board Risk Oversight in New Risk Committee Blueprint