Board Engagement
Survey Results
Spring Meeting 2013
Questions asked
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
Strategy, Setting strategic direction
Strategy, Development of strategic plans
Strategy, Implementation of strategic plans
Strategic transactions, Major investments
Strategic transactions, Portfolio change (M&A)
Operations, R&D
Operations, Manufacturing
Operations, Marketing & sales
Operations, IT
Human resources & Organization, Leadership acquisition and retention
Human resources & Organization, Non-CEO Executive compensation
Human resources & Organization, HR policy (e.g., benefits and bonuses, etc.)
Human resources & Organization, Organization structure
Human resources & Organization, Corporate culture
Financial Management, Financial strategy
Financial Management, Capital structure
Financial Management, Cash management
Financial Management, Dividend policy
Financial Management, Financial reporting
Risk Management, Enterprise risk management
Risk Management, Ethical performance and compliance
Risk Management, Audit
1
Questions asked
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
Risk Management, Enterprise risk management
Risk Management, Ethical performance and compliance
Risk Management, Audit
External Relations, Brand positioning & integrity
External Relations, Shareholders relations
External Relations, Legal and regulatory
External Relations, Other constituencies
Managing and Engagement for CEO Effectiveness, CEO performance appraisal
Managing and Engagement for CEO Effectiveness, CEO compensation
Managing and Engagement for CEO Effectiveness, CEO succession
Board Engagement, Attendance at meetings
Board Engagement, Preparation for meetings
Board Engagement, Participation on Committees
Corporate Governance, Board effectiveness
Corporate Governance, Director selection
Corporate Governance, Director assessment
Corporate Governance, Leveraging of Director skills & experience
Corporate Governance, Sense of participation in key decisions
Chairman Effectiveness, Communication with Board members
Chairman Effectiveness, Management/facilitation of meetings
Chairman Effectiveness, Management/supervision of CEO
2
Method Filtering
•
The majority of the results demonstrate complete congruence between Current and Desired levels of
Board Engagement.
•
We have chosen to focus our data analysis only on those areas where a significant number of
individuals showed a significant difference between Current and Desired level of engagement (to a
degree of 2 or more).
2
1. Strategy, Setting strategic direction
30
16
25
14
20
12
15
10
10
8
5
0
Current
Desired
6
4
2
0
None
Low
Moderate
High
Very High
4
3. Strategy, Development of strategic plans
18
25
16
20
14
15
12
10
10
Current
8
5
0
Desired
6
4
2
0
None
Low
Moderate
High
Very High
6
8. Operations, Marketing & sales
30
16
25
14
20
12
15
10
5
10
Current
8
Desired
6
0
4
2
0
None
Low
Moderate
High
Very High
8
14. Human resources & Organization, Corporate culture
30
25
12
10
20
8
15
10
Current
6
Desired
5
4
0
2
0
None
Low
Moderate
High
Very High
10
23. Risk Management, Enterprise risk management
35
16
30
14
25
12
20
15
10
10
Current
8
Desired
6
5
4
0
2
0
None
Low
Moderate
High
Very High
12
24. Risk Management, Ethical performance and compliance
35
30
12
10
25
20
15
8
Current
6
10
Desired
5
4
0
2
0
None
Low
Moderate
High
Very High
14
26. External Relations, Brand positioning & integrity
35
10
30
9
25
20
15
8
7
6
5
Current
10
4
Desired
5
3
0
2
1
0
None
Low
Moderate
High
Very High
16
28. External Relations, Legal and regulatory
40
12
35
30
25
10
8
20
15
Current
6
Desired
10
5
0
4
2
0
None
Low
Moderate
High
Very High
18
30. Managing and Engagement for CEO Effectiveness,
CEO performance appraisal
35
16
30
14
25
12
20
15
10
10
Current
8
Desired
6
5
4
0
2
0
None
Low
Moderate
High
Very High
20
32. Managing and Engagement for CEO Effectiveness,
CEO succession
35
14
30
12
25
10
20
15
8
Current
10
6
5
4
0
Desired
2
0
None
Low
Moderate
High
Very High
22
34. Board Engagement, Preparation for meetings
30
14
25
12
20
10
15
8
10
5
0
Current
6
Desired
4
2
0
None
Low
Moderate
High
Very High
24
36. Corporate Governance, Board effectiveness
30
25
12
10
20
8
15
10
Current
6
Desired
5
4
0
2
0
None
Low
Moderate
High
Very High
26
37. Corporate Governance, Director selection
35
14
30
12
25
10
20
15
8
Current
10
6
5
4
0
Desired
2
0
None
Low
Moderate
High
Very High
28
38. Corporate Governance, Director assessment
30
16
25
14
20
12
15
10
5
10
Current
8
Desired
6
4
0
2
0
None
Low
Moderate
High
Very High
30
39. Corporate Governance, Leveraging of Director skills &
experience
35
9
30
8
25
7
20
6
15
5
10
4
5
3
0
Current
Desired
2
1
0
None
Low
Moderate
High
Very High
32
42. Chairman Effectiveness , Management/facilitation of meetings
35
14
30
12
25
10
20
15
8
Current
10
6
5
4
0
Desired
2
0
None
Low
Moderate
High
Very High
34
43. Chairman Effectiveness, Management/supervision of CEO
35
30
12
10
25
20
15
8
Current
6
10
Desired
5
4
0
2
0
None
Low
Moderate
High
Very High
36