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ARTICLE · 06 MARCH 2023

Dealing With Director Overload

Mayer Brown
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Today's directors have a lot on their plates. Scanning many recent publications advising public company directors, a fair job description would range from "overwhelming" to "impossible," sometimes...

United StatesCorporate/Commercial Law
Lawrence A. Cunningham
Lawrence A. Cunningham
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Today's directors have a lot on their plates. Scanning many recent publications advising public company directors, a fair job description would range from "overwhelming" to "impossible," sometimes even veering into the managers' lane. Directors are told they must not only continue to attend to tasks as they have always had but assume substantial new ones and even prepare for possible future demands. A collation of prescribed tasks:

Historical Tasks

  • Review and appoint senior executives, plan succession and set compensation and incentives
  • Vet strategy, probing risks from prevailing economic and market conditions
  • Oversee financial reporting controls and periodic financial reporting

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