Gunster attorney Bob Lamm, co-chair of the firm’s securities law and corporate governance practice, recently penned an article for the Daily Business Review discussing board self-assessments.

Gunster attorney Bob LammIn the article, Lamm points out that corporate scandals – such as the recent spate of sexual harassment claims made across a wide variety of industries – leaves some wondering whether a company’s board of directors is performing as it should.

The preferred method of assessing that, Lamm says, is a facilitated board assessment, comprised of a customized survey and personal interviews to look for areas of improvement for the board, its committees, and individual directors.

The need for board self-assessments is important for public or private entities, as well as nonprofits, Lamm adds. NYSE-listed companies are required to conduct a self-assessment annually.

Read the article: Board self-assessments: A critical governance tool (Daily Business Review, 12/12/17) – note: subscription required.

For more corporate governance articles either written by Lamm, or in which he is quoted, read:

*note: subscription may be required

Watch this video of Bob Lamm discussing shareholder empowerment and how it could change your company:

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