It could easily be argued that the primary goal of a board of directors is to create and maintain long-term value. This is no simple task, and cannot be realized without understanding and providing guidance on strategy and associated risk. Anticipating those risks - whether beneficial or dangerous - in our rapidly changing environment is the most challenging aspect of serving as a member of the board, and understanding those potential risks and their impact is key to success.
How can the board anticipate atypical and rapidly changing risks, and where should the focus lie? Technology is at the forefront of many of these discussions, however what other elements should be at the center of focus? Boards practice strategy review on the regular; how can they look into the future, practicing adaptive governance? Join the NACD Philadelphia Chapter as we take a deep dive into adaptive governance and the atypical risks associated.
Few priorities are more urgent for boards today than communications with their shareholders. While the need for engagement is not a new addition to leading governance issues, the investor environment has only become more vocal, speaking out for higher standards and a greater level of transparency.
Mainstream asset managers - including major index funds such as Vanguard, BlackRock, and State Street - are speaking out more forcefully on issues like board diversity, company culture and climate change. Public pension funds such as the Office of the New York City Comptroller have been making their influence felt in areas such as proxy access. And activist investors continue to press for changes to their target companiesâ€™ strategies - often by seeking seats on the board.
Joining the audit committee has its increasingly complex challenges, particularly since the passage of Sarbanes-Oxley (SOX) legislation in 2002. Audit committee members have had to adapt to new constraints, all while putting their reputations on the line. What are the biggest challenges facing the audit committee? How does an audit committee measure their effectiveness in an increasingly changing landscape?
Join the NACD Philadelphia Chapter to discuss key forces impacting audit committees present and future, including risk oversight in light of cybersecurity and disruptions in the business; the focus on reporting and increased disclosure; appointing the external auditor; and the changing audit process.
Join the NACD Philadelphia Chapter for an intimate fireside chat with former Vanguard Chairman/CEO Bill McNabb, as we discuss the current landscape of disruption in technology and business, as well as governance matters, in the Philadelphia region and beyond.
Environmental, social and governance criteria, under the umbrella of corporate social responsibility, have grown from feel-good investing tactics to big business. In fact, the value of ESG funds totaled more than $2.5 trillion by the end of 2016. Socially responsible investment recommendations not only reach every corner of the world, but have even been linked to innovation and productivity in high performance organizations.
Join the NACD Philadelphia Chapter for an interactive panel on the benefits and challenges associated with prioritizing corporate social responsibility.
Nonprofits face many challenges today that are unique to the sector; however, they are not as different from their for-profit counterparts as one might think. Both require strong governance and oversight by the board and management to accomplish their goals. While they may not earn profit for shareholders, they do create enormous public profit with the nonprofit sector employing over 15% of Pennsylvaniaâ€™s workforce. Viewing nonprofits through a business lens will create dramatically healthier and sustainable communities.
Join the NACD Philadelphia Chapter and Drexel LeBow Raj & Kamla Gupta Governance Institute for this provocative discussion on the impact and role nonprofits play.
Over the past several years, the topic of board diversity has been in the spotlight. But what exactly is board diversity? And how does a board become diverse? Join the NACD Philadelphia Chapter and The Forum of Executive Women for a panel discussion on diversity in the boardroom. Hear directly from board recruiters and sitting directors about the processes, challenges and opportunities associated with achieving board diversity.
The concepts of the Internet of Things (IoT) and Artificial Intelligence (AI) invoke the image of a futuristic world, run by robots. How do these new technologies positively affect today's business operations, and how do they affect their governance issues? As a director, what should you know about employing these strategies, and what would you recommend to your board and/or clients? Join the NACD Philadelphia Chapter as we explore these new high-tech strategies, and find out how to positively integrate today's technological advances seamlessly into your business's day-to-day operations.
For many start-ups, especially those in high-growth tech and life sciences sectors, the corporate governance playbook is often neglected, and viewed as a practice reserved for large, public companies. Thorough and deliberate governance decisions and documents are crucial to any company from the outset, defining the authority, roles and timing of key business decisions.
Join the NACD Philadelphia Chapter to discuss important steps in the creation of a robust governance plan, how to seek out those positive qualities of successful directors, and ways that a strong corporate governance plan can positively affect the companyâ€™s bottom line and future growth.
Cybersecurity is at the forefront of every director's mind, as greater pressure to oversee this rapidly changing set of risks has been added to the board's responsibilities. Are you familiar with cybersecurity operations and how to assess the associated risks? How are cybersecurity practices defined in your organization, and how does this relate to the company's value? Is the board familiar with the critical operations that could be impacted by a cyber incident, and to what extent should the board be involved with cyber-risk oversight?
Join the NACD Philadelphia Chapter to discuss risks to a company's cybersecurity environment, key internal and external threats, and walk away with a list of cybersecurity and risk management initiatives that every director should consider.