The board development committee may wish to reconsider its
director education program for 2017 following two recent and
unrelated developments. The first is a greater articulation of
expectations of such programming generally. The second is the
likelihood of significant change to health care policy in general,
and to the health industry financing model in particular, under the
Trump Administration.
The National Association of Corporate Directors (NACD) recently
established a standard for director education within a proprietary
"Director Education Framework." The
goal of the NACD effort is to tie core responsibilities of the
board to key areas of director competency that are considered
critical to a director's ability to properly respond to his/her
fiduciary obligations. Primary topics identified by NACD for
focused education include (i) board governance, structure and
function; (ii) ongoing board responsibilities and activities; (iii)
constituent considerations; and
