CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation:...
Transcript of CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation:...
![Page 1: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/1.jpg)
CalPERS Board Self-Evaluation:Findings and Opportunities
January 24, 2019
Anne Simpson, Director, Board Governance & Strategy, CalPERS
The Honorable Cari M. Dominguez, Faculty Member, National Association of Corporate Directors (NACD)
1
![Page 2: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/2.jpg)
What We’ll Cover Today
• Background
• Process
• Findings
• Strengths & Opportunities
• Next Steps
2
![Page 3: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/3.jpg)
Background
• Strong commitment to effective board governance
• Self-evaluation every two years
• Long-standing NACD membership
• Independent, expert facilitation
• Tailored approach for CalPERS
3
![Page 4: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/4.jpg)
CalPERS Board
Self-Evaluation Process
Board
Evaluation
Committee
Evaluation
4
Attributes
Evaluation
![Page 5: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/5.jpg)
5
Findings
![Page 6: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/6.jpg)
CalPERS Board
Self-Evaluation Process
Board
Evaluation
Committee
Evaluation
6
Attributes
Evaluation
![Page 7: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/7.jpg)
Board Evaluation Survey
7
Board
Structure
Operational
Oversight
Talent Oversight
and CEO
Succession
Strategy
Oversight
Risk
Management
Oversight
![Page 8: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/8.jpg)
Board Structure
8
![Page 9: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/9.jpg)
Operational Oversight
9
![Page 10: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/10.jpg)
Talent Oversight and CEO Succession
10
![Page 11: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/11.jpg)
Strategy Oversight
11
![Page 12: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/12.jpg)
Risk Management Oversight
12
![Page 13: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/13.jpg)
CalPERS Board
Self-Evaluation Process
Board
Evaluation
Committee
Evaluation
13
Attributes
Evaluation
![Page 14: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/14.jpg)
14
Committee Evaluation Survey
![Page 15: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/15.jpg)
CalPERS Board
Self-Evaluation Process
Board
Evaluation
Committee
Evaluation
15
Attributes
Evaluation
![Page 16: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/16.jpg)
16
Board Attributes Survey
![Page 17: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/17.jpg)
17
Strengths & Opportunities
![Page 18: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/18.jpg)
Strengths
• Commitment to CalPERS’ mission
• Support of transparency and accountability
• Pride in the diversity of the board’s composition
• Recognition of the importance of stakeholder engagement
• Desire for continuous improvement
18
![Page 19: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/19.jpg)
Opportunities
• Clarify roles and responsibilities at each level of governance
• Establish a richer and ongoing board orientation program
• Develop board curriculum to further strengthen skills and expertise
• Explore equitable allocation of remunerated board time
• Refine meeting materials to prioritize areas for deliberation
• Review calendar and format for board meetings
• Revisit committee structures, composition
• Review role of board consultants
• Develop a board code of conduct
19
![Page 20: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/20.jpg)
20
Next Steps…
![Page 21: CalPERS Board Self-Evaluation: Findings and Opportunities ... · CalPERS Board Self-Evaluation: Findings and Opportunities PowerPoint Presentation Author: CalPERS Subject: CalPERS](https://reader035.fdocuments.us/reader035/viewer/2022071021/5fd52e80caa9be3f9e29cffd/html5/thumbnails/21.jpg)
Appendix: NACD Resources
Director Professionalism
– Report of the NACD Blue Ribbon Commission on Director Professionalism
– NACD Director’s Handbook Series: A Practical Guide: Fundamentals for Corporate Directors
Committee Structures and Charters
– NACD Nominating and Governance Committee Chair Advisory Council: Changing Committee Structures in Response to Evolving Board Needs
Meeting Materials
– NACD & Deloitte: Greater Expectations: Strategies for Effective Board Meeting Preparation
Strategy Oversight
– NACD’s 2017-2018 Private Company Governance Survey
– NACD’s 2017-2018 Public Company Governance Survey
– NACD’s 2018-2019 Public Company Governance Survey
Talent Oversight and CEO Succession
– NACD Director’s Handbook Series: Success at the Top: CEO Evaluation and Succession
– Report of the NACD Blue Ribbon Commission on Talent Development
– NACD Director Dialogue: Board Oversight of Talent Strategy
21