I spoke to corporate and not-for-profit directors in Dallas, Texas, today, about board dynamics and board renewal. The subject of the length of board service and director retirement arose. I said there was a recent study that the optimal service …
Recent Posts
- The Corporate Governance Game Changer That Needs to Come To Canada
- A rebuttal to Terence Corcoran’s “OSFI and the bureaucratization of corporate governance”
- Richard Leblanc: Ten reasons that pay governance is broken
- Richard Leblanc: Ten Corporate Governance Trends for 2014
- Gender diversity on boards: My discussion notes
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What are some best governance practices of award-winning companies?
I recently served on a governance awards judging panel assembled by the Canadian Society of Corporate Secretaries (CSCS). Winners of the awards were announced at this organization’s annual conference in Halifax last month. I participated in a plenary discussion …
Getting More Women on Canadian Boards, Part 1
The Ontario Securities Commission (OSC) should be congratulated for addressing gender diversity last week. Other than Quebec, the addressing of boardroom and senior management diversity (beyond gender) has been long overdue in Canada. However, the central thrust of the proposal …
I am pleased to be asked to assist the National Association of Corporate Directors in a social media pod at their annual Board Leadership Conference, October 11-13, to expose directors in a more in-depth and hands on way to social media (forthcoming).
I am asssiting the NACD by gathering potential readings for issue identification, etc., from my library and online, and specifically seeing things from a governance and board perspective. Here is a listing: July 21, 2013, updated July 29, 2013 Richard …
Corporate Directors: “You Hold Much of Our Future is in Your Hands”
In an inspirational video for the National Association of Corporate Directors’ annual conference, one speaker remarks, “Directors: You hold much of our future in your hands.” Another said “More government is not the answer: We are.” The above are not …
Mandatory Tendering of UK Audits – A Better Approach Was Missed
Last week, the Competition Commission in the UK issued a provisional decision requiring audit committees of large companies to tender bidding for the external audit every five years, among other reforms (see here). Make no mistake: this is a major …
CEO to Worker Pay Ratio Coming to a Company Near You ~ And Some Numbers May be Eye-Popping
A compensation consultant who spoke to my corporate governance class at Harvard University last week said that the ratio of total CEO pay to the pay of the average worker at a company may not be what you think. Ratios …
Reforms to director compensation need to occur: Richard Leblanc
Activist investors in both Canada and the US recently proposed – for Hess Corporation and Agrium Inc. – that the independent director nominees they nominated to serve on both Hess’s and Agrium’s boards should be paid incentive pay directly by …
Combatting Political Corruption in Canada
There are now two RCMP investigations of potential breach of trust and bribery allegations of a sitting politician involving Senator Mike Duffy and the Prime Minster’s former chief of staff, Nigel Wright. Senator Pamela Wallin is accused of having taxpayers, …
Proposals to Strengthen a Board’s Role in Value Creation, Management Accountability to the Board, and Board Accountability to Shareholders
There have been a handful of activist threats to Canadian companies recently. What these engagements have drawn focus on are defects in public company governance, including the skill sets of existing directors, the board’s focus on value creation vs compliance, …