The nominating committee as architect of corporate governance
It needs to evaluate board effectiveness against the business landscape of tomorrow.
AS the corporate governance landscape evolves, so too must the role of the board and its committees.
Each board committee has its role. Unlike the other committees which are primarily focused on management and the business, the focus of the nominating committee (NC) is, in fact, the board. It recommends director candidates, and sometimes even C-level executives. It takes care of board evaluation and evaluates the independence and time commitment of directors. It oversees governance practices to ensure an effective board.
In other words, the NC is the architect of the organisation's corporate governance framework.
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