In the context of expanding board oversight responsibilities that frequently prompt delegations of new responsibilities to the board’s existing standing committees, KPMG’s “Heavier committee work calls for coordination, communication” (page 11) suggests boards consider proactively fostering enhanced coordination and communication among committees, particularly as discrete aspects of broad oversight topics such as ESG, human capital, and data privacy/cybersecurity, increasingly are addressed by multiple committees. While committee reports to the board are a common practice, the article emphasizes the value of “robust” reports and other information-sharing practices:
Joint committee meeting practices were the subject of this May 2019 Society Quick Survey.
Access additional information & resources on our Board Committees page.
This post first appeared in the weekly Society Alert!