WASHINGTON, Feb. 15, 2011 /PRNewswire/ — With companies facing increased government regulation and public oversight, the National Association of Corporate Directors (NACD) has launched the world's first and only in-depth board analysis service that allows corporate boards to determine how their practices compare to similar companies. The NACD Custom Board Benchmarking Report enables both public and private boards to compare their current structures, practices, strategies and policies to their industry and peer group companies — and identify strengths, opportunities and weaknesses.
"Corporate directors and executives are looking for more effective strategies to deliver opportunities, establish performance metrics and standards and utilize boardroom best practices," said Kenneth Daly, president and CEO of NACD. "This customized report provides precise statistics that directors and executives can use to compare their board to other boards within their specific industry and peer group, allowing them to perform as strategic assets for shareholders."
The NACD Custom Board Benchmarking Report builds on proprietary data from NACD's two annual corporate governance surveys–the NACD Public Company Governance Survey and the NACD Private Company Governance Survey–which provide more detailed, customized information for specific boards, breaking data down across twenty-four industries. Depending on a board's interests, the data can be analyzed by a number of criteria, including industry, company type–public and private, listing exchange and market-cap.
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The strengths of a board are highlighted, noting, for example, when a company's board and committee structures are in line with common industry practices. The report also points out potential deficiencies, such as when a company's failure to retain consultants places that company outside industry norms. This type of information helps companies to gauge opportunities, potential dangers and areas of increased attention.
"Corporate governance is a living, breathing series of activities, and companies do not have to implement trial and error tactics to address the myriad of changes in the market and regulatory climate," said Daly. "The NACD Custom Board Benchmarking Report provides boards with specific action steps they can take to implement effective governance strategies that enable directors to allocate more time on strategic imperatives and less on compliance-related activities with the desired outcome of delivering superior shareholder returns."
The NACD Custom Benchmarking Report provides data on nearly 70 board practices, including the following:
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"NACD's Board Benchmarking Report was extremely valuable and useful to all directors on my client's board. The board is now prepared to grow to the next level. I recommend this service to all boards. It is the only product on the market that provides this level of detail, quantifiable evidence and insights," said Guillermo Cruz, Board Advisor to a large international financial institution.
For more information about the NACD Custom Benchmarking Report, visit http://www.nacdonline.org/Resources/customresearch.cfm?navItemNumber=2776 or contact Steve Walker, NACD's General Counsel, Corporate Secretary and Director of Board Advisory Services at [email protected] or 202-572-2101.
About NACD
The National Association of Corporate Directors (NACD) is the only membership organization delivering the information and insights that corporate board members need to confidently confront complex business challenges and enhance shareowner value. With more than 10,000 members, NACD advances exemplary board leadership. NACD is focused on creating more effective and efficient boards through director-led education and peer forums to share ideas and leading practices based on more than 30 years of primary research. Fostering collaboration among directors and governance stakeholders, NACD is shaping the future of board leadership. To learn more about NACD, visit NACDonline.org. To join, please contact Kelly Dodd at [email protected] or 202-380-1891.
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