Tough
Boardroom Situations – Directors Share Lessons Learned
New
Board Briefing from WomenCorporateDirectors on Resolving Tricky Board
Issues
NEW
YORK – October 25, 2017 – When boards find themselves facing a
challenge from within their own ranks, how are directors responding?
In a new board briefing from the WomenCorporateDirectors
Foundation (WCD),
a panel of directors and governance experts explores the fraught
issues that arise from everything from conflict-of-interest
situations to crisis events, and the lessons they took away from both
current and past board tenures.
“Managing
Tough Issues in the Boardroom” is
the latest in WCD’s board briefing series, with directors and
executives from companies ranging from Walgreens Boots Alliance to
JPMorgan Chase sharing governance strategies around complex board
events. Topics addressed include:
-
Navigating
conflict-of-interest situations around director investments
-
How
independent directors play a vital role in surfacing issues
-
Protecting
board deliberations in an era of increasing demands for transparency
-
Getting
creative around board structure to meet specific situations
The
briefing stems from discussions at WCD’s Institutes, including a
panel of the same name at this year’s WCD Global Institute, which
drew 250 directors from around the globe. WCD is the largest
organization of women board members worldwide. Participants in the
briefing include:
-
Phyllis
Campbell,
Chairman, Pacific Northwest, JPMorgan
Chase & Co.,
and director on a public company board; WCD member
-
Jan
Babiak,
Director, Walgreens
Boots Alliance, Inc.
and other public company boards; WCD Chapter Chair
-
Diane
de Saint Victor,
General Counsel and Company Secretary of Swiss-based ABB,
Ltd.
-
Eunice
Nyala,
CEO, Etiquette
Xllent Co.,
Ltd.; WCD Kenya Chapter
-
Caroline
Blitzer Phillips,
Partner, Mergers & Acquisitions and Private Equity, Vinson
& Elkins LLP
“Tough
issues are only becoming more common,” says Phyllis Campbell. “As
directors come up against challenges that can threaten the very
functioning of the board, it is essential that there be alignment
from the start perhaps not around the desired outcome, but at least
around the process the board will take to get there.”
This
WCD board briefing is the fifth in a series, which also includes:
For
more information about WomenCorporateDirectors Foundation and WCD
programs for directors, please contact Suzanne Oaks Brownstein or
Trang Mar of Temin and Company at 212-588-8788 or
[email protected].
About
WomenCorporateDirectors Education and Development Foundation, Inc.
The
WomenCorporateDirectors Education and Development Foundation, Inc.
(WCD Foundation) is the only global membership organization and
community of women corporate directors. A 501(c)(3)
not-for-profit organization, the WCD Foundation has 79 chapters
around the world. The aggregate market capitalization of public
companies on whose boards WCD Foundation members serve is over $8
trillion. In addition, WCD Foundation members serve on numerous
boards of large private and family-run companies globally. For more
information visit www.womencorporatedirectors.org
or follow us on Twitter @WomenCorpDirs,
#WCDboards.
Upcoming
WCD Institutes include:
-
Americas
Institute
– March 7-8, 2018; Miami
-
Global
Institute –
May 8-10, 2018; New York
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