The title of the piece notwithstanding, Spencer Stuart’s “Three ways boards can prepare for the upcoming proxy season”addresses more broadly the actions boards should be undertaking or considering in response to increased investor scrutiny of board composition and the board- and director-focused activism environment, which has been bolstered by the new universal proxy rule. Homing in on tools and practices to assist in objectively evaluating board vulnerabilities; enhancing proxy statement disclosure; and instilling a more modern view of proactive board refreshment, the article imparts sound recommendations for all boards to consider regardless of their perceived resilience.
Access additional resources on our Shareholder Activism, Universal Proxy, Board Composition, Board Recruitment & Succession/Refreshment, Board Practices/Governance Practices, and other relevant practical resource pages. This post first appeared in the weekly Society Alert!