The guidance in Jones Day’s “Getting Ahead of the 2022 Proxy Season: Board Committee Names & Functions” applies year-round and is also largely relevant to non-public companies. Particularly now, given the heightened investor and other stakeholder scrutiny of companies’ non-financial performance-related conduct and performance, boards should review their board committee structure, associated committee names, and allocation of oversight responsibilities; ensure that key responsibilities or changes in responsibilities are documented in the respective committee charters; and clearly communicate - with disciplined disclosure - how the board oversees the range of sustainability-related topics of keen interest to investors and others.
Access additional resources on our Board Committees and Board Practices/Governance Practices pages.
This post first appeared in the weekly Society Alert!