This tool offers strategies for improving governance best practices at the board level. Building trust in governance is one of the cornerstones of a successful public or private corporation. Every employee must trust that corporate directors are acting in the long-term interests of the company, not in their own self-interest. (1 page)

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Governance Best Practices

Building trust in corporate governance is one of the cornerstones of a successful public or private corporation. Every employee must trust that corporate directors are acting in the long-term interests of the company, not in their own self-interest.

The following are strategies for improving corporate governance at the board level:

1. More than 50% of board directors should be outside members, defined as people who are not current or previous employees of the company.
2. The audit, compensation, and nominating committees should consist solely of directors who are not current employees of the company.
3. The CEO should not serve on the board of a company whose CEO sits on his or her board.

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