Today’s corporate directors are tasked with oversight over a myriad of regulatory issues that hold strategic significance for organizations’ long-term success (no pressure, right?)
With this in mind, the National Association of Corporate Directors (NACD) recently issued its 2014 NACD Directorship 100, an annual list that names corporate directors, corporate governance experts, policymakers and influencers who significantly impact boardroom practices and performance.
Among the NACD’s most influential leaders are: Paula Rosput Reynolds,audit chair of Delta Airlines and director of TransCanada Pipeline and BAE Systems; Rhys Best, lead director and compensation chair of MRC Global Inc., compensation chair of Trinity Industries and Cabot Oil and Gas, and nominating and governance chair of Commercial Metals; and Barbara Hackman Franklin, Ilene Lang, and Myron Steele, who will be named to the NACD’s Hall of Fame.
NACD President and CEO Ken Daly said corporate directors and governance leaders are so-called strategic assets of the enterprise, and stakeholders rely upon their guidance to remain competitive.
“The characteristics and values that the NACD Directorship 100 honorees exude are reflective of those that all directors should strive to emulate as they carry out their fiduciary duties,” Daly said in a statement.
The job for corporate board directors has significantly expanded since the financial crisis six years ago. Following recent large-scale data breaches, a Securities and Exchange Commission (SEC) official recently called for corporate boards to oversee cybersecurity risk, InsideCounsel reported.
Speaking at an event at the New York Stock Exchange in June, SEC Commissioner Luis Aguilar said board oversight is needed to address cybersecurity, which is now a critical component of risk management.