Greater expectations

About the article

Directors face an increasingly complex environment in which their businesses operate. That complexity can present opportunities for corporations that adapt, and also places new pressures on boards to respond effectively. One strategy for directors to consider is to adapt their approaches to preparing for board meetings by focusing not just on company-specific reporting and decisions, but also by acting as the "eyes and ears" for management on key issues for the company. This article makes practical suggestions for directors to consider as they approach their board meeting preparation with this broader view in mind.

Views or positions presented in this briefing do not necessarily reflect the position of the Millstein Center, the Law School of Columbia University, the National Association of Corporate Directors, or any supporters or particular participants.

The Millstein Center is extraordinarily grateful to its sponsors, supporters, and partners, which provide financial, logistical, and substantive support for work like this.

The Millstein Center and the article’s authors would also like to thank Gail Lione, Sophie L’Helias, Friso van der Oord and Katherine Keally of the NACD, and Maureen Bujno of Deloitte for their comments on the article.

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About the Millstein Center for Global Markets and Corporate Ownership

Building on Columbia Law School’s longstanding strength in corporate and securities law, the mission of the Millstein Center for Global Markets and Corporate Ownership is to bring world-class scholarship, research, and academic rigor to the vital task of restoring and strengthening long-term financing of innovative and durable public corporations, which are the underpinning of economic growth. This mission is essential given today's capital markets, which are global, complex and volatile, and bring consequences and uncertainties to those who rely on them: companies, investors, and ultimately the wider economy.

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About the National Association of Corporate Directors

The National Association of Corporate Directors (NACD) empowers more than 17,000 directors to lead with confidence in the boardroom. As the recognized authority on leading boardroom practices, NACD helps boards strengthen investor trust and public confidence by ensuring that today’s directors are well prepared for tomorrow’s challenges.

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About Deloitte

The Center for Board Effectiveness helps directors deliver value to the organizations they serve through a portfolio of high quality, innovative experiences throughout their tenure as board members. Whether an individual is aspiring to board participation or a veteran of many board experiences, the Center’s programs enable them to contribute effectively and provide focus in the areas of governance and audit, strategy, risk, innovation, compensation, and succession.

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