Dey Kaplan Flashcards
Dey Kaplan Reco
13 Guidelines of best practices to help boards get up to speed with corporate governance standards
- not to box-check but to focus on the capabilities that the board needs to help
Corp Purpose
create value and impact stakholders –> living document
Board’s Duty
identify and articulate best interest of the company in every decision
Definition of Stakeholders
have a clear definition and understanding of who they are for each company
Indigenous People
jointly developed mechanism for company’s relationship as these are not mere stakeholders
Reporting to Stakeholders impact
should be in the annual report as a form of social accounting
stakeholder committee
engage with the key groups of stakeholders and audit the report in guidelines 5
Stakeholder conflicts
resolve competing interestss among stakeholders, have a fair process to consider all interests
Compensation policies
pay is aligned with achieving purpose and long tern cop sustainability
Board refreshment
renewal, diversity, right mix of skills, term limits, age limits, performance assessment
Board Diversity
backgrounds and experiences, report board composition for women, Indigenous, persons with disabilities, visible minority
Corp diversity
disclosure and diversity targets and timelines for leadership and overall workforce
Climate change
corp policy and board monitoring of climate change goals, targets, consideration of climate change issues when reviewing strategic choices –> duty of loyalty
corp activism
CEOs and boards sharing opinions on social media
