Of counsel Mark Kessel
(New York-Capital Markets) and partner Stephen Giove
(New York-Capital Markets/Corporate Governance) published “Board Self-Evaluations: Practical and Legal Implications,” in the May/June issue of NACD Directorship
. Kessel and Giove explain that the NYSE mandates annual board self-evaluations for listed companies, and Nasdaq listed companies, while not obligated, should undertake the review as a matter of good governance. The article reviews the practical and legal implications of the self-evaluation process including: process design, evaluator selection (inside or outside counsel), process participants, written questionnaires, individual director evaluation (peer reviews), committees, reporting the results, and follow up.
View the article, Board Self-Evaluations: Practical and Legal Implications