The When and Why of Refreshing Your Board

 
Join board directors Stan Silverman and Carol Ward, and  executive vice president and governance expert at Diligent Corporation, Dottie Schindlinger  for an in-depth discussion on how refreshing your board can make it stronger.
 
The Why and When of Refreshing Your Board
Tuesday, October 10, 2017
2 p.m. ET    

Getting the right set of directors who bring the necessary skills, expertise, experience, and diversity to your board constitutes one of the most important – and one of the most difficult – tasks facing any company. The data suggest that few companies get this exactly right.

In PwC’s annual director surveys, more than one third believe at least one director should be removed from the board because they lack competencies or arrive unprepared for meetings. Yet incumbency rates for directors remain over 90%, with the average length of service close to nine years on average. Meanwhile, activist investors are increasing pressure on companies to disclose board composition details, and to bring in fresh talent. This set of pressures has many seeing board refreshment as a new corporate imperative.

It has never been more important for directors to have documented performance measures in place. The need to refresh the board moves from elections, term limits and proxy statements to ongoing proactive assessment of the board’s and directors’ performance. Woven into this mix are the current regulatory requirements and recognized best practices regarding board refreshment. Join us for a webinar roundtable discussion of board refreshment practices, including discussion on:

  • Best practices for board and director refreshment. How do regulatory requirements impact current board practices?
  • How boards can successfully engage in board refreshment when there is little enthusiasm for the process on the part of directors.
  • The extent board self-evaluations actually result in board refreshment and other corrective action.  Are other strategies, like age or term limits, effective?
  • How boards can conduct candid director performance reviews without fear of retaliation or blowback from their candor.
  • How rotation of board leadership can yield new perspectives valuable to the business without losing the historical perspectives of long-term directors.
Speakers: 
Speaker Name: 
Stan Silverman
Speaker Title: 
Vice Chairman, Board of Trustees, Drexel University
Speaker Bio: 
Stan Silverman is the former president and CEO of PQ Corporation, a global company operating in North America, South America, Europe and Asia Pacific. He also is founder and CEO of Silverman Leadership and is vice chairman of the board of trustees of Drexel University. He has served on the boards of numerous public and private companies, private equity companies, and non-profits. His weekly nationally syndicated column on leadership, entrepreneurship and corporate governance appears in the Philadelphia Business Journal and 42 affiliated business publications across the United States.
 
Silverman earned a Bachelor of Science degree in chemical engineering and an MBA degree from Drexel University. He is also an alumnus of the Advanced Management Program at the Harvard Business School. 
Speaker Photo: 
Speaker Name: 
Carol Ward
Speaker Title: 
Vice President and Corporate Secretary, Mondelez International, Inc.
Speaker Bio: 
Carol Ward was appointed vice president and corporate secretary of Kraft Foods in October 2006, which six years later became Mondelēz International. Ms. Ward and her team provide legal counsel and guidance to the board of directors, senior management, and employees on all matters of corporate governance, corporate securities, SEC reporting and compliance and employee benefits. 
 
Ms. Ward began her career at CIGNA Corporation, holding positions in its investment and group insurance law departments. Later, she was named assistant corporate secretary and was named corporate secretary. She was appointed to the additional position of chief compliance officer and served in that role for about eight years. 
 
Ms. Ward is a member of the American Bar Association and was a member of its committee on corporate laws; a member and former chairman of the Society of Corporate Secretaries and Governance Professionals; and a member and past president of the Stockholder Relations Society of New York. She also serves as a member of the Association of Corporate Counsel. She was a founding member of the advisory board of the John L. Weinberg Center for Corporate Governance at the Lerner College of Business & Economics, University of Delaware.
Speaker Photo: 
Speaker Name: 
Dottie Schindlinger
Speaker Title: 
Governance Technology Evangelist, Diligent Corporation
Speaker Bio: 
Dottie Schindlinger is Diligent Corporation’s Governance Technology Evangelist and promotes the intersection of governance and technology as a recognized expert in the field. Diligent is the leading provider of secure corporate governance and collaboration solutions designed to promote improved performance for boards and senior executives. In her role, Dottie provides thought leadership on related topics through digital and print publications, conference presentations, and workshops for board members and executives globally.
 
Dottie was a founding team member of BoardEffect, a board management software platform launched in 2007 focused on serving the needs of healthcare, higher education, and nonprofit boards. Prior to BoardEffect, Dottie spent 15 years working in governance-related roles, including as a board liaison, board member, senior executive, consultant and trainer of private, public and nonprofit boards. 
Speaker Photo: 
Benefits: 
    * 60 minutes--maximum value for time
    * Completely free to attend
    * Time for questions and comments
    * All participants receive a copy of the webinar materials after the event
    * Unbiased third party director education 
 
Sponsor: 
Diligent Corporation
 

 


Speakers

Stan Silverman

Vice Chairman, Board of Trustees, Drexel University

Stan Silverman is the former president and CEO of PQ Corporation, a global company operating in North America, South America, Europe and Asia Pacific. He also is founder and CEO of Silverman Leadership and is vice chairman of the board of trustees of Drexel University. He has served on the boards of numerous public and private companies, private equity companies, and non-profits. His weekly nationally syndicated column on leadership, entrepreneurship and corporate governance appears in the Philadelphia Business Journal and 42 affiliated business publications across the United States.
 
Silverman earned a Bachelor of Science degree in chemical engineering and an MBA degree from Drexel University. He is also an alumnus of the Advanced Management Program at the Harvard Business School. 

Carol Ward

Vice President and Corporate Secretary, Mondelez International, Inc.

Carol Ward was appointed vice president and corporate secretary of Kraft Foods in October 2006, which six years later became Mondelēz International. Ms. Ward and her team provide legal counsel and guidance to the board of directors, senior management, and employees on all matters of corporate governance, corporate securities, SEC reporting and compliance and employee benefits. 
 
Ms. Ward began her career at CIGNA Corporation, holding positions in its investment and group insurance law departments. Later, she was named assistant corporate secretary and was named corporate secretary. She was appointed to the additional position of chief compliance officer and served in that role for about eight years. 
 
Ms. Ward is a member of the American Bar Association and was a member of its committee on corporate laws; a member and former chairman of the Society of Corporate Secretaries and Governance Professionals; and a member and past president of the Stockholder Relations Society of New York. She also serves as a member of the Association of Corporate Counsel. She was a founding member of the advisory board of the John L. Weinberg Center for Corporate Governance at the Lerner College of Business & Economics, University of Delaware.

Dottie Schindlinger

Governance Technology Evangelist, Diligent Corporation

Dottie Schindlinger is Diligent Corporation’s Governance Technology Evangelist and promotes the intersection of governance and technology as a recognized expert in the field. Diligent is the leading provider of secure corporate governance and collaboration solutions designed to promote improved performance for boards and senior executives. In her role, Dottie provides thought leadership on related topics through digital and print publications, conference presentations, and workshops for board members and executives globally.
 
Dottie was a founding team member of BoardEffect, a board management software platform launched in 2007 focused on serving the needs of healthcare, higher education, and nonprofit boards. Prior to BoardEffect, Dottie spent 15 years working in governance-related roles, including as a board liaison, board member, senior executive, consultant and trainer of private, public and nonprofit boards. 

Benefits

    * 60 minutes--maximum value for time
    * Completely free to attend
    * Time for questions and comments
    * All participants receive a copy of the webinar materials after the event
    * Unbiased third party director education 
 

Sponsor

Diligent Corporation