Talent management reportedly topped the list of concerns expressed by the ~170 directors participating in PwC’s January 2022 Corporate Directors Exchange. The firm advises clear delegation of responsibility for talent and human capital issues (whether to one or more committees or retained at the full board level); integrating talent/human capital as a component of all strategy discussions; considering talent management experience among new director selection criteria; considering talent-related executive pay metrics; and ensuring management’s prioritization of DE&I throughout the company. Sample committee charters addressing human capital and talent oversight include UPS | AES | Constellation Brands, Inc. | Morgan Stanley | Johnson Controls | Dollar General.
See PwC’s recent report: “A deeper dive into talent management: the new board imperative” (we reported on here), which includes a sample C-suite readiness chart and questions for directors to ask management to facilitate the board’s oversight.
Access additional resources on our Human Capital/Workforce Management page.
This post first appeared in the weekly Society Alert!