A rise in shareholder activism and regulatory demands has forced company boards to adapt — and fast.
That's why the National Association of Corporate Directors spent the last six months examining the role that culture can play in a board's success.
Led by Oscar Munoz, former CEO of United Airlines, and Mary Winston, a director at Acuity Brands, Chipotle, Northrop Grumman and TD Bank Group, the NACD Blue Ribbon Commission drafted a collection of recommendations to help boards strengthen their culture and performance.
"Boards have long expected management to take ownership of the values, beliefs, behaviors, and norms that make up the culture within an organization," Munoz said in a statement.
"Now, it's time for directors to turn inward and embrace that same sense of ownership — but of their own boardroom culture."
Persons:
Oscar Munoz, Mary Winston, Northrop Grumman, " Munoz
Organizations:
National Association of Corporate, United Airlines, TD Bank Group, Ribbon Commission