According to EY, human capital and DE&I are among the six suggested board priorities for 2021. Each priority is accompanied by recommended action items that are aimed at facilitating meaningful integration into the board's oversight responsibilities. For example, as to human capital, boards are advised to review the allocation of relevant responsibilities across their committees; engage the CHRO's participation in strategy, business, and disclosure discussions; regularly review relevant metrics; and evaluate the quality and consistency of the company's human capital disclosures across its various communications, which may include proxy statements, Form 10-Ks, sustainability reports, website disclosures, and shareholder engagement communications.
In addition to human capital and DE&I, the timely report addresses strategy oversight, organizational resiliency, ESG strategy oversight, and board composition and effectiveness.
Access additional resources on our Director Duties & Liabilities and Board Practices/Governance Practices pages. This post first appeared in the weekly Society Alert!