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Corporate Governance Monthly Stay Connected

The latest information for boards of directors and their committees from the Center for Corporate Governance website, www.corpgov.deloitte.com.

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May 2013 Hot Topics

Is Your Board Governing Itself Effectively? Corporate governance is an essential element that assists boards in carrying out their fiduciary responsibilities. It also helps boards improve their overall operating effectiveness. High-performing boards understand that the infrastructure, effectiveness and engagement are not an exhausted list for board governance. This edition of Deloittes Hot Topics discusses the key areas that can help boards operate more efficiently in order to make informed decisions.

Upcoming Deloitte Dbriefs Webcasts June 4, 2013 Sustainability Reporting: Is the Picture Getting Clearer? June 25, 2013 2013 Proxy Season Highlights and Other Corporate Governance Developments June 27, 2013 Quarterly Accounting Roundup: An Update of Important Developments View more events

Whats New?
Board Governance Enterprise Compliance: The Risk Intelligent Approach Whether your organization is highly regulated, unregulated, public, or private, it is likely that compliance is a core business issue on your immediate agenda. This publication explains key components of enterprise compliance and offers senior executives and board members a practical guide to ask questions about their own compliance efforts.

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Lead or be Left Behind: A Chairman's Perspective on Social Media Despite how important social media is, 40 percent of companies admit to having no social media training or governance in place. Now there is a new use of social media: recent SEC guidelines allow companies to use social media websites such as Twitter and Facebook to make key announcements as long as investors are informed which sites will be used. Punit Renjen, chairman of the board of Deloitte LLP, offers his perspective on the use of social media in this piece, which was published in Directors & Boards. Audit Committee Audit Committee Brief, May 2013: The Road to Convergence The FASB and IASB have collaborated for several years on an initiative to improve, streamline, and converge key accounting standards. Among the significant areas being addressed are revenue recognition, financial instruments, and lease accounting. When finalized, these new standards have the potential to dramatically change the way companies account for many of their most common transactions. This Audit Committee Brief highlights recent standard-setting developments and includes questions audit committees should consider in preparing for changes. Compensation Committee How Has Compensation Governance Evolved?: 2012 Trends in Corporate Governance of the Largest U.S. Companies In its 2012 annual corporate governance survey, Shearman & Sterling noted that companies have reassessed how they are paying their executives and how they present this information to shareholders. This survey highlights director and executive compensation trends as well as recommended practices that have emerged in the past year. Nominating/Corporate Governance Committee Board Diversity: Let's Make It Personal A board seeking diversity will typically consider gender, ethnicity, and professional background. It also refers to the variety of personalities that coexist in the boardroom. Deloitte created the Business Chemistry model to reveal distinct patterns of personality-linked behavior, and their impacts on business relationships and ultimately, the boardroom. In this article, published by NACD Directorship Magazine, Bob Kueppers, managing partner, Center for Corporate Governance, Deloitte LLP, discusses the

business chemistry model and the characteristics of the personalities identified. What You Need to Know About CEO Transition CEO succession planning is a key board responsibility, but many directors have limited experience in managing such changes. For support, boards may reach out to compensation professionals. In this article, Pearl Meyer & Partners provides 10 steps directors should consider during a CEO transition. Deloitte Periodicals Global Economic Outlook 2nd Quarter 2013 The second-quarter edition of the Global Economic Outlook offers timely insights from Deloitte research economists about the trends and events that are shaping the marketplace. The global economic environment shows signs of improving, but in fits and starts. Troubling events keep getting in the way of an unambiguously positive story. Still, the story appears to be getting better. Financial market stress in Europe remains at manageable levels despite the crisis in Cyprus. In the United States, a substantial contraction of fiscal policy appears to be offset by other positive factors. Asia Pacific Economic Outlook China, Japan, Singapore, and Vietnam The April 2013 edition of the Asia Pacific Economic Outlook gives a near-term outlook for China, Japan, Singapore, and Vietnam. Chinese inflation has abated and credit expanded, contributing to optimism that a revival of economic fortunes is underway. After decades of economic stagnation, Japan is focusing on reviving growth. Singapores economic growth is turning out to be weaker than expected. As Vietnam continues to struggle with falling GDP growth rates, mounting levels of bad debt, and a weak banking system, the government has introduced measures to restructure the banking system and boost private enterprise growth. Back to top

Last Months Top Hits

Audit Committee Brief, April 2013: Charting the Course: Audit Committee Annual Activities Audit Committee Resource Guide Audit Committee Leading Practices and Trends

Developing an Effective Governance Operating Model: A Guide for Financial Services Boards and Management Teams 2012 Board Practices Report: Providing Insight into the Shape of Things to Come Back to top

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