The NACD index offers a view of the state of the economy from inside the corporate boardroom each quarter.
Like NACD, I believe rigid quotas are probably the wrong way to go.
FORBES: Guest Post: Searching For Big Pharma's First Woman CEO
Today the typical duration of director service is 6.8 years, according to the 2010 NACD Public Company Governance Survey.
FORBES: Pay Hikes for Directors Should Trigger Clear, Confident Communications
One survey, 2010-2011 NACD Director Compensation Report, found that total pay for non-employee directors grew for the first time since 2008.
FORBES: Pay Hikes for Directors Should Trigger Clear, Confident Communications
Consider that NACD members, just by virtue of the fact that they belong to such an organization, may be inherently more engaged.
Yet the NACD commission is cool on the idea, and at least one prominent academic study has spelled out some of the risks.
FORBES: Guest Post: Searching For Big Pharma's First Woman CEO
Noting that 2010 board pay levels generally mirrored corporate performance, NACD emphasizes that these compensation increases reflect hikes in equity holdings amid market recovery.
FORBES: Pay Hikes for Directors Should Trigger Clear, Confident Communications
And that reality, according to a survey by National Association of Corporate Directors (NACD) is continued weakness in Europe and the United States economies.
In tackling this issue, NACD Directorship sought to find if there is a consensus around Schapiro's performance in carrying out the agency's renewed aggressive, activist mission.
Predictions for the start of 2013 showed little optimism with an economic confidence level for the next three months was 44 on the NACD Board Confidence Index.
By taking this broader view, companies would make progress on one of the principal deficiencies pointed out in the NACD study: the need for better risk management.
The average number of Audit Committee meetings for public companies, even for companies going through tough times requiring significant Audit Committee involvement, is seven per year according to a 2009 NACD survey.
FORBES: Why Did IGT Hire John Vandemore? Quick Answer is PwC
According to NACD and many other organizations that have studied the problem, one way to foster diversity is to restrict the time directors can serve on a board through term limits and other measures.
FORBES: Guest Post: Searching For Big Pharma's First Woman CEO
"There is a natural level of resistance to learning, since many of the participants of such programs have achieved the pinnacle of their careers, " says Doreen Kelly Ruyak, vice president of marketing at the NACD.
More than one-third of directors reported their companies had taken steps to prepare for 2013 and the possibility of an economic crisis, including reassessing corporate strategy (47%), increasing cash reserves (34%) and postponing hiring decisions (27%), the NACD said in a press release Monday.
应用推荐