Avoiding Corporate ‘Over-Boarding’ - Strategies for Success

Introduction

Technically, there is no limit as to how many boards anyone can sit on, and it is normal for a professional director to sit on several at any one time.

However, when a director sits on too many boards this can actually diminish their ability to fulfil their duties and serve a company effectively.

This is termed ‘over-boarding’ and is an issue that your corporate clients need both to be aware of and have strategies in place to counteract it.

During this webinar, expert speaker Iain Sim will consider the steps that can be taken to help corporate clients avoid over-boarding and will offer pragmatic hints and tips on how to communicate this advice effectively.

What You Will Learn

This webinar will cover the following:

• The definition of over-boarding
• What factors drive (or contribute) to over-boarding
• Key areas where directors’ workloads are increasing including increased statutory responsibilities, time consuming committee work, shareholder engagement and keeping abreast of regulatory changes
• The key reasons why over-boarding needs to be avoided including how a lack of proper oversight can lead to corporate scandals
• Strategies to counteract over-boarding including imposing rules on serving multiple boards, the growth in investor stewardship and education, and removing the ‘rubber-stamp’ culture
• Awareness of the difficulty of retrospective changes, especially where service agreements are in place
• Potential future regulatory changes

This webinar was recorded on 25th April 2024

You can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.