Length and formality of new AC member orientation sessions will vary from company to company, it should provide an overview of various company aspects.
While the length and formality of a formal orientation session will vary from company to company, it should provide new AC members with an overview of:
Who participates in the initial orientation session will vary, depending on how the company’s orientation process is structured, e.g., whether the initial orientation is viewed as the first step in a more lengthy process, or whether it is viewed as a more comprehensive orientation session. Depending on the approach, only a few executives might participate in the initial orientation session—e.g., the general counsel, chief financial officer (CFO), chief audit executive (CAE)—or a number of others might participate as well, including perhaps the chief executive officer (CEO), chief risk officer (CRO) or equivalent, controller, and chief compliance officer. The AC chair or lead director may choose to attend as well.
The Board Leadership Center team is available, courtesy of KPMG, to provide one-on-one briefings on general trends, hot topics in corporate governance, or issues important to you and your board.