CII approved updated “Corporate Governance Policies” at its Fall 2022 Conference.
The updated board service policy (Section 2.11) recommends directors who are employed full-time by a for-profit corporation limit their service to no more than two for-profit boards, and that all other directors serve on no more than four total for-profit boards, a reduction from the five boards accommodated by CII’s prior policy. The policy also seeks public disclosure of nominating committee director service policies and all for-profit corporate directorships.
Changes from the March 2022 policies are marked here.
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This post first appeared in the weekly Society Alert!