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Board Self-Evaluations: Practical and Legal Implications NACD Directorship By Mark Kessel and Stephen Giove Kessel and Giove explain that the NYSE mandates annual board self-evaluations for listed companies, and recommend that 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 full article |
| The ‘Unthinkable’ May Need Board Attention BNA’s Corporate Counsel Weekly By Mark Kessel and Stephen Giove By Mark Kessel and Stephen Giove In light of the magnitude of recent crisis events, the article examines a board’s obligation to work with company management to ensure that risks are identified and assessed and plans to manage and investigate these risks are formulated, including plans to deal with foreseeable crises. Kessel and Giove write, “While a board cannot be expected to foresee every potential disaster that might befall the company, it can, in fulfilling its oversight function, ensure that management has adequately taken account of those events that are foreseeable.” View full article |
| Governance Survey Highlights: Risk Oversight  |
