With the increased scrutiny of board composition by shareholders and corporate governance advocates alike, the survey finds foreseeable—and significant—data trends with respect to board makeup.
Predictably, survey results noted age limits as the most prevalent mechanism contributing to board turnover, and such limits continue to rise. Even so, the 2014 Board Practices Report also found very few boards with directors aged 40 or younger, citing more than half of companies reporting their youngest director as older than 50. For 53 percent of all companies, director retirement is the reason for change in board composition.
Eighteen percent of respondents, overall, increased the number of women on their boards in the past year. This was particularly true among large and small caps where women comprise 26-50 percent of their board composition.
Similar movements, but on a smaller scale, can be found for minority representation, particularly with financial services companies. Since 2012, financial services companies saw a 9 percent point increase in representation in minorities. Comparing these results to the report’s 2008 survey, where one-quarter of respondents indicated no women or racial/ethnic diversity, boards are recognizing and embracing the value of diverse perspectives as an avenue to enhance board performance.
To download a copy of the report, go to www.deloitte.com/us/boardpractices2014 .
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
