Jour : 5 septembre 2011

Vaste enquête sur l’opinion des membres de CA de sociétés cotées en bourse


Voici les résultats d’une vaste enquête menée par PwC sur la situation de la gouvernance aux États-Unis.

Center for Board Governance pwc.com

This survey by PwC collects the opinions of more than 1,000 directors serving on the boards of the top 2,000 publicly traded companies (by revenue) listed with the NYSE Euronext, the NYSE Amex, and the NASDAQ OMX Group stock exchanges. The survey covers such relevant issues as risk management, compensation, director evaluations, director experience mix and board diversity, to name just a few.

In April 2010, 10,000 US corporate board members received the 2010 Annual Corporate Directors
Survey (formerly know as What Directors Think) research study questionnaire. Surveys were
returned by 1,110 corporate board members for an 11.1% response rate. 819 separate boards are
represented among these 1,110 directors.

Highlights of the survey findings:

  • Directors believe the three most important factors that should be considered by compensation committees to improve CEO pay policies are: (1) ensure peer group companies are realistic, (2) re-evaluate compensation benchmarks, and (3) set minimum stock ownership guidelines and holding periods. It is interesting to note, none of these factors was considered as part of the Dodd-Frank Act.
  • Of the new proxy disclosures required in 2010, directors believe the disclosures on (1) board oversight of risk, and (2) qualifications and experiences of directors provide the most value to investors.
  • Over ninety-seven percent of responding directors believe the audit committee is effective or very effective in its ability to monitor accurate financial reporting.
  • The most important « red flag » for directors to step up their board involvement is an earnings restatement. Ninety-five percent of directors listed this as important or very important.
 

Guide de gestion des risques par le COSO


Pour les membres de CA qui sont intéressés par les nouvelles règles édictées par le COSO.

Risk Management Guidance from COSO candorsolutions.co.za

Management governs risk by means of risk management frameworks, such as COSO. What guidance have COSO provided?

Courage in the Boardroom


Très bon article de Stasia Kelly dans le Directorship Magazine qui montre que les membres des CA ont avantage à faire preuve de plus de courage s’Il veulent protéger les intérêts des actionnaires et des autres parties prenantes.

Directorship Magazine – Boardroom…

… The most dangerous result of fear in the boardroom is that a director’s decision could breach his fiduciary duty to do what is in the best interests of the shareholders in order to protect himself from liability, criticism or reputational damage. It is critical that this danger not only be understood but discussed by directors and senior executives.

Le site du NACD (National Association of Corporate Directors) : À consulter !


Je vous invite à consulter le site de cette grande organisation américaine afin de constater toutes les ressources qui sont mises à la disposition des membres de conseils d’administration. Vous y retrouver une mine d’informations sur la gouvernance.