The following post was originally included as part of our recently published memorandum “Selected Issues for Boards of Directors in 2023”.
Over the past year, public companies have faced an onslaught of external pressures, including an uncertain economy, an ongoing pandemic with changing rules and best practices and increasing demands from various stakeholders.
The coming year looks to continue the trend with a volatile market and economic/political conditions, increasing regulatory demands and shareholders looking for active engagement. How prepared a company is to handle these external factors depends in no small part on the strength of its board of directors. An effective board is critical for company success, even in the absence of such difficulties. Increasingly, companies and their shareholders are focusing on selecting, evaluating and maintaining an effective board.
Entering 2023, here are key issues companies and boards should consider to enhance board effectiveness.
To read the full post, please click here.
For a PDF of the full memorandum, please click here.