In today’s briefing:
- Electing Outside Directors as Board Chair Is Direct Path to Making Outside Directors More Effective
Electing Outside Directors as Board Chair Is Direct Path to Making Outside Directors More Effective
- Amid calls for shifting to value-creating management, having independent outside directors—who can view matters from external perspectives—serve as board chair is one option for driving change within the company.
- Companies with an outside director chairering the board of directors increased by 29—from 110 (2.9%) two years ago to 139 (4%). However, the pace remains far too slow.
- Setting board agendas is crucial for outside directors to take the initiative during board meetings. The time has come to appoint an outside director as chair of the board.
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