Best practices related to the important role of a board’s lead director
The emphasis on independent board leadership may have begun with Sarbanes-Oxley, but it certainly didn’t end there. A 2009 SEC rule requiring public companies to detail their boards’ leadership structure in their proxy statements puts the spotlight squarely on the non-executive board leader.
In recent months at Korn/Ferry International, we have seen a significant shift among forward-thinking boards that reflects an evolution of the role. They no longer are appointing a board leader merely to satisfy requirements; they seek to leverage the role for maximum benefit.
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